Aviance Capital Partners LLC Invests $863,000 in Bunge Global SA (NYSE:BG)

Aviance Capital Partners LLC bought a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,290 shares of the basic materials company's stock, valued at approximately $863,000.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in 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 in the last quarter. Riverview Trust Co grew its holdings in shares of Bunge Global by 130.8% during the first 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. bought a new stake in shares of Bunge Global during the first quarter worth about $42,000. Spire Wealth Management grew its holdings in shares of Bunge Global by 66.5% during the first quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock worth $42,000 after purchasing an additional 222 shares during the last quarter. Finally, Menard Financial Group LLC bought a new stake in shares of Bunge Global during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BG. Stephens reduced 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 boosted 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $81.60.

Bunge Global Stock Performance

NYSE:BG traded up $0.97 during trading on Tuesday, reaching $75.82. The company's stock had a trading volume of 2,661,047 shares, compared to its average volume of 1,698,386. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 9.62, a price-to-earnings-growth ratio of 3.71 and a beta of 0.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.12 and a current ratio of 2.04. The firm has a 50 day moving average of $79.43 and a 200-day moving average of $76.95. Bunge Global SA has a 12 month low of $67.40 and a 12 month 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.54. The firm 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 9.98% and a net margin of 2.13%. The business's revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a yield of 3.69%. Bunge Global's dividend payout ratio (DPR) is presently 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.