CX Institutional Takes Position in Bunge Global SA (NYSE:BG)

CX Institutional bought a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,372 shares of the basic materials company's stock, valued at approximately $411,000.

Several other institutional investors also recently bought and sold shares of BG. Norges Bank acquired a new stake in Bunge Global in the fourth quarter valued at $148,857,000. Voloridge Investment Management LLC increased its holdings in shares of Bunge Global by 443.2% in the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock valued at $94,503,000 after acquiring an additional 991,607 shares during the last quarter. Invesco Ltd. raised its position in shares of Bunge Global by 28.6% during the 4th 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 in the last quarter. FMR LLC boosted its holdings 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 in the last quarter. Finally, Man Group plc purchased a new position in Bunge Global in the fourth quarter valued at approximately $50,561,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of BG traded down $0.53 during mid-day trading on Tuesday, reaching $85.75. 2,245,818 shares of the company's stock were exchanged, compared to its average volume of 1,662,508. The business's fifty day simple moving average is $78.52 and its 200-day simple moving average is $77.19. The stock has a market capitalization of $11.52 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 4.28 and a beta of 0.68. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.04 and a quick ratio of 1.12.

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

Bunge Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.27%. The ex-dividend date is Tuesday, February 17th. Bunge Global's dividend payout ratio is presently 35.53%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stephens lowered their target price 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. Citigroup upped their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.