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Banque Cantonale Vaudoise Invests $1.27 Million in Bunge Global SA (NYSE:BG)

Bunge Global logo with Basic Materials background

Key Points

  • Banque Cantonale Vaudoise has acquired a new position in Bunge Global SA, purchasing 16,642 shares valued at approximately $1.27 million.
  • Bunge Global reported earnings of $1.31 per share for the quarter, exceeding analyst expectations, with revenue of $12.77 billion.
  • The company recently announced a quarterly dividend of $0.70 per share, reflecting an annualized yield of 3.49%.
  • Five stocks to consider instead of Bunge Global.

Banque Cantonale Vaudoise 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 SEC. The fund acquired 16,642 shares of the basic materials company's stock, valued at approximately $1,272,000.

Several other large investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC acquired a new position in Bunge Global in the first quarter valued at approximately $9,180,000. GAMMA Investing LLC lifted its holdings in Bunge Global by 152.1% in the first quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company's stock valued at $250,000 after acquiring an additional 1,976 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new position in Bunge Global in the fourth quarter valued at approximately $1,596,000. DnB Asset Management AS lifted its holdings in Bunge Global by 15.0% in the fourth quarter. DnB Asset Management AS now owns 34,081 shares of the basic materials company's stock valued at $2,650,000 after acquiring an additional 4,451 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Bunge Global by 23.6% in the first quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company's stock valued at $408,000 after acquiring an additional 1,021 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

NYSE:BG traded down $1.76 during mid-day trading on Friday, reaching $78.00. The stock had a trading volume of 1,878,573 shares, compared to its average volume of 1,833,320. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.12 and a current ratio of 2.07. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 3.86 and a beta of 0.67. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $102.57. The business has a 50 day simple moving average of $78.40 and a 200 day simple moving average of $76.65.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same quarter last year, the firm earned $1.73 earnings per share. The firm's revenue was down 3.6% compared to the same quarter last year. On average, analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The business also recently declared 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, February 17th. Bunge Global's dividend payout ratio (DPR) is presently 27.97%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup upped their price objective on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Stephens decreased their price target 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $81.60.

View Our Latest Stock Analysis on Bunge Global

Bunge Global Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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