Bunge Global SA $BG Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC raised its holdings in Bunge Global SA (NYSE:BG) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 23,876 shares of the basic materials company’s stock after acquiring an additional 977 shares during the period. Yousif Capital Management LLC’s holdings in Bunge Global were worth $1,917,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Bunge Global by 34.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock valued at $255,756,000 after acquiring an additional 859,733 shares during the last quarter. Invesco Ltd. raised its holdings in Bunge Global by 3.8% in the 1st quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company’s stock valued at $254,446,000 after acquiring an additional 122,931 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Bunge Global by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company’s stock valued at $122,552,000 after acquiring an additional 101,586 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in Bunge Global in the 1st quarter valued at $92,552,000. Finally, AQR Capital Management LLC raised its holdings in Bunge Global by 80.5% in the 1st quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock valued at $76,077,000 after acquiring an additional 443,893 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Up 2.3%

Shares of Bunge Global stock opened at $97.52 on Friday. The company has a fifty day moving average price of $83.08 and a 200 day moving average price of $79.98. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $98.23. The stock has a market cap of $19.51 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 8.34 and a beta of 0.66.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm had revenue of $12.77 billion during the quarter, compared to analysts’ expectations of $12.57 billion. During the same period in the prior year, the company earned $1.73 EPS. The firm’s revenue was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director owned 7,164 shares in the company, valued at approximately $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

BG has been the subject of several analyst reports. Morgan Stanley boosted their price target on Bunge Global from $74.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price objective on shares of Bunge Global from $95.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, October 8th. BMO Capital Markets boosted their price objective on shares of Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Stephens boosted their price objective on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bunge Global has a consensus rating of “Moderate Buy” and a consensus price target of $94.86.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.