Croban Makes New Investment in Bunge Global SA (NYSE:BG)

Croban purchased a new stake in Bunge Global SA (NYSE:BG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,432 shares of the basic materials company's stock, valued at approximately $797,000.

Several other large investors also recently made changes to their positions in BG. US Bancorp DE grew its holdings in Bunge Global by 33.3% during the fourth quarter. US Bancorp DE now owns 5,281 shares of the basic materials company's stock worth $411,000 after purchasing an additional 1,320 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Bunge Global by 15.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock worth $129,000 after acquiring an additional 225 shares during the last quarter. M&T Bank Corp raised its stake in Bunge Global by 11.9% in the 4th quarter. M&T Bank Corp now owns 6,307 shares of the basic materials company's stock valued at $490,000 after acquiring an additional 670 shares during the period. Proficio Capital Partners LLC acquired a new stake in Bunge Global during the 4th quarter valued at $2,253,000. Finally, Raymond James Financial Inc. bought a new position in Bunge Global during the fourth quarter worth $1,994,000. Institutional investors own 86.23% of the company's stock.

Bunge Global Price Performance

Shares of NYSE:BG opened at $76.58 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $10.29 billion, a PE ratio of 9.72, a PEG ratio of 3.75 and a beta of 0.67. The firm has a 50 day moving average of $79.34 and a 200-day moving average of $76.93. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.54. Bunge Global had a return on equity of 9.98% and a net margin of 2.13%. The company had revenue of $11.64 billion during the quarter, compared to analysts' expectations of $13.18 billion. During the same quarter in the previous year, the firm earned $3.04 EPS. Bunge Global's revenue was down 13.2% on a year-over-year basis. On average, equities research analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a yield of 3.66%. Bunge Global's dividend payout ratio is currently 35.53%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BG. Stephens decreased their price target on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.

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