GAMMA Investing LLC raised its stake in Bunge Global SA (NYSE:BG - Free Report) by 19,166.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,276 shares of the basic materials company's stock after buying an additional 248,977 shares during the period. GAMMA Investing LLC owned about 0.19% of Bunge Global worth $19,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Bunge Global by 151.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 620 shares of the basic materials company's stock valued at $47,000 after buying an additional 373 shares during the period. Wellington Management Group LLP grew its stake in Bunge Global by 30.2% in the fourth quarter. Wellington Management Group LLP now owns 240,595 shares of the basic materials company's stock valued at $18,709,000 after purchasing an additional 55,861 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Bunge Global by 26.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,932 shares of the basic materials company's stock worth $384,000 after purchasing an additional 1,022 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in Bunge Global in the fourth quarter worth about $3,529,000. Finally, Siemens Fonds Invest GmbH purchased a new stake in shares of Bunge Global during the fourth quarter valued at about $1,596,000. Hedge funds and other institutional investors own 86.23% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on BG. Bank of America cut their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Citigroup upped their price target on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Morgan Stanley decreased their price objective on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Finally, Stephens dropped 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $81.60.
Read Our Latest Analysis on Bunge Global
Bunge Global Stock Performance
NYSE:BG traded up $0.73 during trading hours on Friday, hitting $74.58. 956,637 shares of the company were exchanged, compared to its average volume of 1,633,040. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 2.66 and a beta of 0.68. The company's 50 day moving average price is $77.68 and its 200-day moving average price is $77.72.
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 for the quarter, beating analysts' consensus estimates 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 net margin of 2.14% and a return on equity of 11.73%. The business's quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.04 earnings per share. As a group, research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.
Bunge Global Announces Dividend
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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is 35.53%.
About Bunge Global
(
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.
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