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

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Bunge Global by 9.5% during the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock valued at $18,815,000 after buying an additional 20,942 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Bunge Global by 39.6% in the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock valued at $1,665,000 after purchasing an additional 6,077 shares during the period. Orca Wealth Management LLC purchased a new stake in shares of Bunge Global in the fourth quarter worth approximately $1,238,000. Barclays PLC boosted its holdings in shares of Bunge Global by 17.2% during the third quarter. Barclays PLC now owns 454,722 shares of the basic materials company's stock worth $43,945,000 after purchasing an additional 66,681 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Bunge Global during the fourth quarter valued at approximately $2,253,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Stock Performance

Bunge Global stock traded up $0.28 during mid-day trading on Wednesday, reaching $79.52. The company had a trading volume of 277,329 shares, compared to its average volume of 1,624,005. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The firm has a market cap of $10.69 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 2.66 and a beta of 0.68. The company has a 50 day moving average of $77.40 and a 200-day moving average of $78.30. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.54. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The firm had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. During the same period in the previous year, the company posted $3.04 earnings per share. The company's quarterly revenue was down 13.2% compared to the same quarter last year. On average, sell-side analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Announces Dividend

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 issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Tuesday, February 17th. Bunge Global's payout ratio is 35.53%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BG. Barclays cut their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Morgan Stanley cut their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Citigroup increased their target price on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Stephens lowered their price objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Finally, Bank of America decreased their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report 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 company. According to data from MarketBeat, the stock presently has an average 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.