Aviance Capital Partners LLC Makes New Investment in Bunge Global SA (NYSE:BG)

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

Several other hedge funds also recently modified their holdings of BG. UMB Bank n.a. raised its position in shares of Bunge Global by 163.1% in the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 261 shares during the period. Riverview Trust Co raised its position in shares of Bunge Global by 130.8% in the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 255 shares during the period. NBC Securities Inc. acquired a new stake in shares of Bunge Global in the 1st quarter valued at approximately $42,000. Spire Wealth Management raised its position in shares of Bunge Global by 66.5% in the 1st quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 222 shares during the period. Finally, Menard Financial Group LLC acquired a new stake in shares of Bunge Global in the 4th quarter valued at approximately $47,000. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Down 3.7%

Shares of NYSE:BG traded down $3.02 during midday trading on Friday, hitting $78.37. The stock had a trading volume of 2,076,553 shares, compared to its average volume of 1,689,661. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. 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 business's 50-day simple moving average is $79.64 and its 200-day simple moving average is $76.99. The company has a market cap of $10.53 billion, a P/E ratio of 9.95, a PEG ratio of 3.89 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.54. Bunge Global had a net margin of 2.13% and a return on equity of 9.98%. The business had revenue of $11.64 billion during the quarter, compared to analysts' expectations of $13.18 billion. During the same period last year, the business earned $3.04 earnings per share. The firm's revenue was down 13.2% on a year-over-year basis. On average, sell-side analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 annualized dividend and a dividend yield of 3.57%. Bunge Global's dividend payout ratio is presently 35.53%.

Analyst Ratings Changes

A number of analysts have recently issued reports on BG shares. Citigroup lifted their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Stephens lowered their price objective on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Bunge Global currently has a consensus rating of "Hold" and a consensus price target of $81.60.

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.