Allspring Global Investments Holdings LLC Has $736,000 Stake in Bunge Global SA (NYSE:BG)

Allspring Global Investments Holdings LLC lessened its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 79.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,453 shares of the basic materials company's stock after selling 37,484 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Bunge Global were worth $736,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BG. FMR LLC lifted its position in shares of Bunge Global by 25.3% in the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock worth $269,488,000 after acquiring an additional 699,889 shares during the period. Geode Capital Management LLC lifted its position in shares of Bunge Global by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock worth $268,205,000 after acquiring an additional 34,890 shares during the period. Invesco Ltd. lifted its position in shares of Bunge Global by 28.6% in the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after acquiring an additional 713,561 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Bunge Global by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock worth $193,379,000 after acquiring an additional 183,701 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Bunge Global by 5.0% in the 4th quarter. Northern Trust Corp now owns 2,368,399 shares of the basic materials company's stock worth $184,167,000 after acquiring an additional 112,333 shares during the period. Institutional investors own 86.23% of the company's stock.

Bunge Global Price Performance

Bunge Global stock traded up $0.16 on Friday, reaching $76.70. The company's stock had a trading volume of 1,524,018 shares, compared to its average volume of 1,708,015. The business's fifty day moving average price is $79.29 and its 200 day moving average price is $76.91. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 3.80 and a beta of 0.67. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. 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 results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 9.98% and a net margin of 2.13%. The company's quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.04 earnings per share. Equities analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's dividend payout ratio is presently 35.53%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BG. Stephens dropped their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Citigroup increased their target price on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.