Chesley Taft & Associates LLC Makes New $291,000 Investment in Bunge Global SA (NYSE:BG)

Chesley Taft & Associates LLC acquired a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,807 shares of the basic materials company's stock, valued at approximately $291,000.

Several other institutional investors have also recently modified their holdings of the company. Spire Wealth Management purchased a new stake in shares of Bunge Global in the 4th quarter worth about $26,000. NBC Securities Inc. bought a new stake in shares of Bunge Global in the first quarter worth approximately $42,000. Menard Financial Group LLC purchased a new stake in Bunge Global during the fourth quarter valued at $47,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Bunge Global by 151.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 620 shares of the basic materials company's stock worth $47,000 after acquiring an additional 373 shares during the last quarter. Finally, Financial Perspectives Inc grew its stake in shares of Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 585 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Price Performance

Bunge Global stock traded up $1.33 during midday trading on Tuesday, reaching $76.00. 1,185,699 shares of the stock traded hands, compared to its average volume of 1,634,570. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The stock has a market cap of $10.21 billion, a P/E ratio of 9.41, a PEG ratio of 2.66 and a beta of 0.68. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The stock's fifty day moving average is $77.57 and its 200-day moving average is $77.47.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The company 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 earned $3.04 earnings per share. Bunge Global's revenue was down 13.2% on a year-over-year basis. As a group, equities research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a $0.70 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 annualized dividend and a yield of 3.68%. Bunge Global's dividend payout ratio is currently 35.53%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Bank of America dropped their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note 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 note on Tuesday, April 15th. Morgan Stanley reduced their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Finally, Stephens lowered their target price 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $81.60.

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.