Cwm LLC Boosts Stock Position in Bunge Global SA (NYSE:BG)

CWM LLC increased its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 385.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,300 shares of the basic materials company's stock after buying an additional 7,386 shares during the period. CWM LLC's holdings in Bunge Global were worth $711,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its stake in Bunge Global by 25.3% in the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock valued at $269,488,000 after purchasing an additional 699,889 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Bunge Global by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock worth $268,205,000 after acquiring an additional 34,890 shares during the last quarter. Invesco Ltd. grew its stake in shares of Bunge Global by 28.6% during the fourth quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after acquiring an additional 713,561 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bunge Global by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock worth $193,379,000 after acquiring an additional 183,701 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Bunge Global by 5.0% during the fourth quarter. Northern Trust Corp now owns 2,368,399 shares of the basic materials company's stock worth $184,167,000 after acquiring an additional 112,333 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup boosted 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. Stephens dropped their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $81.60.

Bunge Global Stock Performance

Shares of Bunge Global stock traded up $0.34 on Friday, reaching $77.27. 1,073,683 shares of the stock were exchanged, compared to its average volume of 1,856,902. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 3.82 and a beta of 0.67. The business has a 50 day moving average price of $78.48 and a two-hundred day moving average price of $76.73.

Bunge Global (NYSE:BG - Get Free Report) last announced 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 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 the consensus estimate of $13.18 billion. During the same period in the previous year, the company posted $3.04 earnings per share. Bunge Global's revenue for the quarter was down 13.2% on a year-over-year basis. Analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is presently 35.53%.

About Bunge Global

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.