Assenagon Asset Management S.A. Grows Position in Bunge Global SA (NYSE:BG)

Assenagon Asset Management S.A. increased its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 21.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,025 shares of the basic materials company's stock after buying an additional 8,281 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Bunge Global were worth $3,517,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BG. UMB Bank n.a. grew its position in shares of Bunge Global by 163.1% during the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock worth $32,000 after acquiring an additional 261 shares during the last quarter. Riverview Trust Co grew its position in Bunge Global by 130.8% during the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after purchasing an additional 255 shares during the last quarter. NBC Securities Inc. acquired a new position in Bunge Global in the first quarter valued at $42,000. Menard Financial Group LLC acquired a new position in Bunge Global in the fourth quarter valued at $47,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Bunge Global by 151.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 620 shares of the basic materials company's stock valued at $47,000 after buying an additional 373 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Stock Performance

Shares of BG stock traded up $4.90 during trading hours on Monday, reaching $86.31. 2,877,030 shares of the company's stock were exchanged, compared to its average volume of 1,657,635. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The company's 50 day moving average is $77.96 and its two-hundred day moving average is $77.16. The company has a market cap of $11.60 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68.

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

Bunge Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Tuesday, February 17th. Bunge Global's payout ratio is currently 35.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BG shares. Stephens lowered their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Citigroup increased their price target 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $81.60.

Bunge Global 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.