Legacy Capital Group California Inc. Takes $264,000 Position in Bunge Global SA (NYSE:BG)

Legacy Capital Group California Inc. purchased a new position in Bunge Global SA (NYSE:BG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,458 shares of the basic materials company's stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ING Groep NV lifted its stake in shares of Bunge Global by 232.8% during the 1st quarter. ING Groep NV now owns 59,344 shares of the basic materials company's stock valued at $4,535,000 after buying an additional 41,511 shares in the last quarter. Manchester Capital Management LLC lifted its position in Bunge Global by 588.5% during the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 359 shares during the last quarter. J. Safra Sarasin Holding AG grew its stake in shares of Bunge Global by 5.9% in the 1st quarter. J. Safra Sarasin Holding AG now owns 25,007 shares of the basic materials company's stock worth $1,911,000 after buying an additional 1,399 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Bunge Global in the 1st quarter valued at approximately $611,000. Finally, Baker Avenue Asset Management LP boosted its holdings in shares of Bunge Global by 5.8% in the 1st quarter. Baker Avenue Asset Management LP now owns 301,699 shares of the basic materials company's stock worth $23,056,000 after purchasing an additional 16,659 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Trading Up 0.4%

Bunge Global stock traded up $0.29 during midday trading on Friday, hitting $83.04. 1,505,499 shares of the stock were exchanged, compared to its average volume of 1,924,712. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 5.11 and a beta of 0.67. The stock's 50-day simple moving average is $78.71 and its 200 day simple moving average is $76.76. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $101.81.

Bunge Global (NYSE:BG - Get Free Report) last released 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 return on equity of 9.16% and a net margin of 2.71%. The business 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 business posted $1.73 EPS. The company's revenue was down 3.6% compared to the same quarter last year. On average, equities analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. Bunge Global's dividend payout ratio (DPR) is currently 27.97%.

Analyst Ratings Changes

BG has been the topic of a number of recent analyst reports. Citigroup increased their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Stephens lowered their price objective on shares of 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $81.60.

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.