19,304 Shares in Bunge Global SA (NYSE:BG) Bought by Diversified Trust Co

Diversified Trust Co purchased a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,304 shares of the basic materials company's stock, valued at approximately $1,475,000.

Several other institutional investors have also bought and sold shares of the business. UMB Bank n.a. increased its position in shares of Bunge Global by 163.1% during the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 261 shares during the last quarter. Riverview Trust Co increased its position in Bunge Global by 130.8% during the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 255 shares during the last quarter. Spire Wealth Management raised its stake in shares of Bunge Global by 66.5% in the first quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 222 shares during the period. NBC Securities Inc. bought a new stake in shares of Bunge Global in the 1st quarter worth about $42,000. Finally, Menard Financial Group LLC purchased a new position in shares of Bunge Global during the 4th quarter worth about $47,000. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Up 1.4%

NYSE BG traded up $1.12 on Wednesday, reaching $81.37. 1,313,214 shares of the stock traded hands, compared to its average volume of 1,681,149. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 3.98 and a beta of 0.67. The company has a fifty day moving average price of $79.71 and a 200-day moving average price of $77.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.12 and a current ratio of 2.04.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.54. The company had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. Bunge Global had a net margin of 2.13% and a return on equity of 9.98%. Bunge Global's revenue was down 13.2% compared to the same quarter last year. During the same period last year, the company posted $3.04 earnings per share. As a group, research analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Tuesday, February 17th. Bunge Global's dividend payout ratio is currently 35.53%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BG. Citigroup raised their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Stephens decreased their price target 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Bunge Global currently has a consensus rating of "Hold" and a consensus price target of $81.60.

About Bunge Global

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.