Tidal Investments LLC Sells 5,156 Shares of Bunge Global SA (NYSE:BG)

Tidal Investments LLC lowered its stake in Bunge Global SA (NYSE:BG - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,401 shares of the basic materials company's stock after selling 5,156 shares during the quarter. Tidal Investments LLC's holdings in Bunge Global were worth $1,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BG. FMR LLC grew its position in Bunge Global by 25.3% during the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock worth $269,488,000 after buying an additional 699,889 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Bunge Global by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock valued at $268,205,000 after purchasing an additional 34,890 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Bunge Global by 28.6% during the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock valued at $249,349,000 after purchasing an additional 713,561 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Bunge Global by 13,459.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after buying an additional 2,934,656 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Bunge Global by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock valued at $193,379,000 after acquiring an additional 183,701 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BG has been the topic of several analyst reports. Bank of America decreased their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Barclays dropped their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Stephens cut their price target 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. Morgan Stanley decreased their price objective on shares of 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, Citigroup lifted their target price 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 assigned a buy rating to the company. Based on data from MarketBeat, Bunge Global currently has a consensus rating of "Hold" and an average target price of $81.60.

Bunge Global Stock Up 1.5%

Shares of BG traded up $1.18 during trading hours on Tuesday, hitting $79.28. The company had a trading volume of 1,436,332 shares, compared to its average volume of 1,629,341. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 2.66 and a beta of 0.68. The firm has a fifty day moving average price of $77.30 and a 200-day moving average price of $78.30. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The firm had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $13.18 billion. During the same quarter in the prior year, the firm posted $3.04 earnings per share. The business's revenue was down 13.2% on a year-over-year basis. On average, equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 annualized dividend and a dividend yield of 3.53%. Bunge Global's payout ratio is 35.53%.

Bunge Global 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.