AustralianSuper Pty Ltd Buys New Holdings in Bunge Global SA (NYSE:BG)

AustralianSuper Pty Ltd acquired a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 1,211,093 shares of the basic materials company's stock, valued at approximately $92,552,000. AustralianSuper Pty Ltd owned 0.90% of Bunge Global as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BG. AMG National Trust Bank increased its stake in Bunge Global by 18.6% in the 1st quarter. AMG National Trust Bank now owns 5,564 shares of the basic materials company's stock worth $425,000 after acquiring an additional 874 shares during the last quarter. Private Advisor Group LLC bought a new position in Bunge Global in the 1st quarter worth about $229,000. Hussman Strategic Advisors Inc. bought a new position in Bunge Global in the 1st quarter worth about $3,210,000. Jennison Associates LLC increased its stake in Bunge Global by 6.3% in the 1st quarter. Jennison Associates LLC now owns 82,297 shares of the basic materials company's stock worth $6,289,000 after acquiring an additional 4,864 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in Bunge Global in the 1st quarter worth about $9,180,000. 86.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BG shares. Citigroup upped their target price on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Stephens decreased their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Bunge Global currently has an average rating of "Hold" and a consensus target price of $81.60.

Bunge Global Price Performance

Shares of Bunge Global stock traded up $1.30 during trading on Friday, hitting $74.46. 1,512,855 shares of the stock traded hands, compared to its average volume of 1,724,674. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 3.69 and a beta of 0.67. The firm's fifty day moving average is $78.97 and its 200-day moving average is $76.77. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.27 by $0.54. The firm 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 revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.04 EPS. Research analysts expect that Bunge Global SA will post 7.94 EPS 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 given a dividend of $0.70 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 annualized dividend and a dividend yield of 3.76%. Bunge Global's dividend payout ratio (DPR) is presently 35.53%.

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.