Bunge Global SA (NYSE:BG) Stock Holdings Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in Bunge Global SA (NYSE:BG - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,427 shares of the basic materials company's stock after acquiring an additional 6,179 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.06% of Bunge Global worth $6,223,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc grew its stake in Bunge Global by 17.0% in the fourth quarter. IFP Advisors Inc now owns 1,852 shares of the basic materials company's stock worth $144,000 after purchasing an additional 269 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Bunge Global by 5.2% during the fourth quarter. Bank of New York Mellon Corp now owns 840,587 shares of the basic materials company's stock valued at $65,364,000 after purchasing an additional 41,884 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Bunge Global during the fourth quarter worth $2,253,000. US Bancorp DE boosted its holdings in shares of Bunge Global by 33.3% in the 4th quarter. US Bancorp DE now owns 5,281 shares of the basic materials company's stock valued at $411,000 after buying an additional 1,320 shares during the period. Finally, Levin Capital Strategies L.P. grew its position in shares of Bunge Global by 130.3% during the 4th quarter. Levin Capital Strategies L.P. now owns 10,605 shares of the basic materials company's stock valued at $825,000 after buying an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on BG shares. Stephens dropped their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Citigroup upped their price target 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Bunge Global currently has an average rating of "Hold" and a consensus target price of $81.60.

Bunge Global Stock Performance

Shares of NYSE BG traded down $0.09 during midday trading on Monday, hitting $80.35. 2,432,241 shares of the company's stock were exchanged, compared to its average volume of 1,673,671. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The firm has a market cap of $10.80 billion, a P/E ratio of 10.20, a PEG ratio of 3.99 and a beta of 0.68. The stock's 50 day moving average price is $79.68 and its 200-day moving average price is $77.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.04 and a quick ratio of 1.12.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.54. Bunge Global had a return on equity of 9.98% and a net margin of 2.13%. The company had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. During the same quarter in the previous year, the firm posted $3.04 EPS. The firm's quarterly revenue was down 13.2% on a year-over-year basis. Equities research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.48%. The ex-dividend date is Tuesday, February 17th. Bunge Global's payout ratio is currently 35.53%.

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.