apricus wealth LLC Boosts Position in Bunge Global SA (NYSE:BG)

apricus wealth LLC grew its position in Bunge Global SA (NYSE:BG - Free Report) by 150.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,162 shares of the basic materials company's stock after acquiring an additional 30,125 shares during the period. Bunge Global comprises approximately 2.3% of apricus wealth LLC's investment portfolio, making the stock its 5th biggest position. apricus wealth LLC's holdings in Bunge Global were worth $3,833,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Bunge Global by 3.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock valued at $351,000 after acquiring an additional 170 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in Bunge Global by 25.4% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after acquiring an additional 178 shares during the last quarter. DoubleLine ETF Adviser LP grew its stake in shares of Bunge Global by 2.4% in the 4th quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock valued at $615,000 after buying an additional 183 shares during the period. Allworth Financial LP grew its stake in shares of Bunge Global by 32.3% in the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock valued at $62,000 after buying an additional 194 shares during the period. Finally, Abbot Financial Management Inc. grew its stake in shares of Bunge Global by 0.9% in the 4th quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock valued at $1,786,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stephens dropped their price target 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. Citigroup increased their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $81.60.

Bunge Global Stock Performance

NYSE BG traded up $1.57 during trading on Thursday, reaching $77.04. The company's stock had a trading volume of 1,868,532 shares, compared to its average volume of 1,638,777. 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 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The business's fifty day moving average price is $77.61 and its 200-day moving average price is $77.46. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The company had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. During the same period in the prior year, the business posted $3.04 earnings per share. The firm's revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's dividend payout ratio is currently 35.53%.

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.