Aviance Capital Partners LLC Purchases Shares of 11,290 Bunge Global SA (NYSE:BG)

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

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted 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 purchasing an additional 261 shares during the period. Riverview Trust Co grew its holdings 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 buying an additional 255 shares during the period. NBC Securities Inc. bought a new stake in Bunge Global in the 1st quarter valued at $42,000. Spire Wealth Management lifted its position in Bunge Global by 66.5% during the 1st quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock worth $42,000 after buying an additional 222 shares in the last quarter. Finally, Menard Financial Group LLC bought a new stake in Bunge Global during the 4th quarter worth about $47,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BG shares. 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 research note on Thursday, May 8th. Citigroup increased their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $81.60.

Bunge Global Trading Down 3.7%

Shares of Bunge Global stock traded down $2.91 during trading on Monday, reaching $75.54. The company's stock had a trading volume of 1,139,938 shares, compared to its average volume of 1,687,618. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 3.89 and a beta of 0.67. The firm's 50-day moving average is $79.64 and its two-hundred day moving average is $76.99.

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

Bunge Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.71%. Bunge Global's dividend payout ratio (DPR) is presently 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.