Jump Financial LLC Boosts Position in Bunge Global SA $BG

Jump Financial LLC raised its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 116.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,772 shares of the basic materials company's stock after buying an additional 53,719 shares during the quarter. Jump Financial LLC owned about 0.07% of Bunge Global worth $7,625,000 at the end of the most recent reporting period.

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A number of other hedge funds have also added to or reduced their stakes in BG. AustralianSuper Pty Ltd purchased a new position in Bunge Global during the 1st quarter valued at about $92,552,000. Voloridge Investment Management LLC increased its position in shares of Bunge Global by 443.2% in the fourth quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock worth $94,503,000 after purchasing an additional 991,607 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bunge Global by 34.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock worth $255,756,000 after purchasing an additional 859,733 shares during the last quarter. Man Group plc bought a new position in shares of Bunge Global in the fourth quarter worth approximately $50,561,000. Finally, Nuveen LLC bought a new position in shares of Bunge Global in the first quarter worth approximately $40,963,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Bunge Global in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 target price for the company. Stephens cut their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Finally, Morgan Stanley upped their target price on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

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Read Our Latest Research Report on Bunge Global

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the acquisition, the director directly owned 7,164 shares in the company, valued at $585,513.72. The trade was a 231.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Bunge Global Stock Performance

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Shares of BG stock opened at $87.0640 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $101.81. The stock has a 50 day moving average price of $79.97 and a two-hundred day moving average price of $77.24. The company has a market capitalization of $17.42 billion, a P/E ratio of 8.70, a PEG ratio of 5.82 and a beta of 0.67.

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

Bunge Global Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be issued a dividend of $0.70 per share. This represents a dividend yield of 342.0%. The ex-dividend date is Tuesday, August 19th. Bunge Global's dividend payout ratio is currently 27.97%.

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.

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