Crossmark Global Holdings Inc. Grows Position in Bunge Global SA (NYSE:BG)

Crossmark Global Holdings Inc. lifted its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,768 shares of the basic materials company's stock after purchasing an additional 3,481 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Bunge Global were worth $2,351,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of 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 acquiring an additional 1,320 shares during the period. Jones Financial Companies Lllp grew its holdings in Bunge Global by 15.7% during the fourth 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 period. Victory Capital Management Inc. grew its holdings in Bunge Global by 79.8% during the fourth quarter. Victory Capital Management Inc. now owns 233,171 shares of the basic materials company's stock worth $18,131,000 after acquiring an additional 103,473 shares during the period. M&T Bank Corp grew its holdings in Bunge Global by 11.9% during the fourth quarter. M&T Bank Corp now owns 6,307 shares of the basic materials company's stock worth $490,000 after acquiring an additional 670 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Bunge Global during the fourth quarter worth $2,253,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup upped their price objective on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Stephens lowered their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $81.60.

Bunge Global Price Performance

Shares of BG traded up $0.16 during trading hours on Friday, reaching $76.70. 1,524,018 shares of the company traded hands, compared to its average volume of 1,709,942. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $10.31 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 3.81 and a beta of 0.67. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The stock has a fifty day simple moving average of $79.29 and a 200 day simple moving average of $76.89.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.54. Bunge Global had a return on equity of 9.98% and a net margin of 2.13%. The firm had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $13.18 billion. During the same period in the prior year, the business posted $3.04 earnings per share. The firm's revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, research analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 3.65%. Bunge Global's dividend payout ratio (DPR) is presently 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.