Bunge Global SA (NYSE:BG) Shares Sold by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC reduced its stake in Bunge Global SA by 53.7%, owning 6,994 shares worth $534,000 after selling 8,113 shares in the first quarter.
• Several institutional investors significantly increased their holdings in Bunge Global during the fourth quarter, with FMR LLC acquiring 25.3% more shares, boosting its total to approximately $269 million in value.
• Bunge Global recently reported an EPS of $1.31, exceeding analysts' estimates, although revenue showed a 3.6% year-over-year decline.

Headlands Technologies LLC lessened its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 53.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,994 shares of the basic materials company's stock after selling 8,113 shares during the quarter. Headlands Technologies LLC's holdings in Bunge Global were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BG. UMB Bank n.a. boosted its position in shares of Bunge Global by 163.1% in the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock worth $32,000 after acquiring an additional 261 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Bunge Global by 588.5% in the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock worth $32,000 after acquiring an additional 359 shares during the last quarter. Riverview Trust Co boosted its position in shares of Bunge Global by 130.8% in the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after acquiring an additional 255 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Bunge Global in the first quarter worth approximately $42,000. Finally, Spire Wealth Management boosted its position in shares of Bunge Global by 66.5% in the first quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock worth $42,000 after acquiring an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Bunge Global Trading Up 0.4%

BG traded up $0.29 during trading on Friday, hitting $83.04. 1,505,499 shares of the company's stock were exchanged, compared to its average volume of 1,923,738. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $101.81. The stock has a 50 day moving average price of $78.71 and a 200 day moving average price of $76.74. The firm has a market cap of $11.16 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 5.12 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the previous year, the firm earned $1.73 earnings per share. Bunge Global's revenue for the quarter was down 3.6% on a year-over-year basis. As a group, analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is presently 27.97%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stephens decreased their target price on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Citigroup lifted their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average 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.