Focus Partners Wealth Purchases New Position in Bunge Global SA (NYSE:BG)

Focus Partners Wealth purchased a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,466 shares of the basic materials company's stock, valued at approximately $270,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management bought a new stake in Bunge Global during the 4th quarter worth approximately $26,000. Crews Bank & Trust bought a new position in Bunge Global during the 4th quarter worth $39,000. R Squared Ltd acquired a new position in Bunge Global during the 4th quarter worth about $45,000. Financial Perspectives Inc grew its position in shares of Bunge Global by 585.0% in the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after buying an additional 585 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Bunge Global by 32.3% in the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock valued at $62,000 after buying an additional 194 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Up 1.3%

Shares of BG stock traded up $1.01 on Tuesday, reaching $79.11. 599,750 shares of the company were exchanged, compared to its average volume of 1,749,714. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The company has a 50-day moving average of $77.30 and a 200-day moving average of $78.30. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 2.66 and a beta of 0.68. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92.

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, topping the consensus estimate of $1.27 by $0.54. The business had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The company's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 earnings per share. Analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a yield of 3.54%. Bunge Global's dividend payout ratio (DPR) is presently 35.53%.

Wall Street Analysts Forecast Growth

BG has been the topic of a number of recent analyst reports. Barclays cut their price objective on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Stephens reduced their price objective 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 boosted their target price on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Morgan Stanley decreased their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Finally, Bank of America dropped their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $81.60.

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.