Citigroup Inc. Decreases Position in Bunge Global SA $BG

Key Points

• Citigroup Inc. has decreased its stake in Bunge Global SA by 7.1%, selling 12,142 shares, resulting in ownership of 157,781 shares valued at approximately $12.06 million.
• Bunge Global's stock has a consensus rating of "Hold" with a projected average price target of $83.40 following recent analyst adjustments.
• The company announced a dividend of $0.70 per share, set to be paid on September 2nd, reflecting a yield of 342.0% for shareholders of record on August 20th.

Citigroup Inc. decreased its holdings in Bunge Global SA (NYSE:BG - Free Report) by 7.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 157,781 shares of the basic materials company's stock after selling 12,142 shares during the period. Citigroup Inc. owned approximately 0.12% of Bunge Global worth $12,058,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Kingsview Wealth Management LLC acquired a new stake in Bunge Global in the 1st quarter valued at about $9,180,000. GAMMA Investing LLC raised its holdings in Bunge Global by 152.1% in the 1st 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 stake in Bunge Global in the 4th quarter valued at about $1,596,000. Nisa Investment Advisors LLC increased its holdings in shares of Bunge Global by 23.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company's stock worth $408,000 after buying an additional 1,021 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Bunge Global during the 1st quarter worth approximately $898,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Trading Down 0.1%

Shares of NYSE:BG traded down $0.10 during mid-day trading on Tuesday, reaching $79.77. 374,102 shares of the company were exchanged, compared to its average volume of 1,822,983. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 5.05 and a beta of 0.67. The firm's 50-day simple moving average is $79.51 and its 200 day simple moving average is $76.93. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $101.81.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company had revenue of $12.77 billion during the quarter, compared to analysts' expectations of $12.57 billion. During the same quarter last year, the company posted $1.73 EPS. The firm's revenue was down 3.6% compared to the same quarter last year. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be given a $0.70 dividend. This represents a yield of 342.0%. The ex-dividend date of this dividend is Tuesday, August 19th. Bunge Global's dividend payout ratio (DPR) is currently 27.97%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Morgan Stanley set a $83.00 price target on shares of Bunge Global and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Stephens cut their price target on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Bunge Global currently has an average rating of "Hold" and an average price target of $83.40.

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.