Hussman Strategic Advisors Inc. Makes New Investment in Bunge Global SA (NYSE:BG)

Hussman Strategic Advisors Inc. purchased a new position in shares of Bunge Global SA (NYSE:BG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,000 shares of the basic materials company's stock, valued at approximately $3,210,000. Bunge Global makes up approximately 0.8% of Hussman Strategic Advisors Inc.'s holdings, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Bunge Global in the 4th quarter worth $1,994,000. Cibc World Markets Corp grew its position in shares of Bunge Global by 13.8% in the 4th quarter. Cibc World Markets Corp now owns 54,865 shares of the basic materials company's stock worth $4,266,000 after buying an additional 6,642 shares during the last quarter. Xponance Inc. grew its position in shares of Bunge Global by 4.7% in the 4th quarter. Xponance Inc. now owns 69,949 shares of the basic materials company's stock worth $5,439,000 after buying an additional 3,146 shares during the last quarter. Royal London Asset Management Ltd. grew its position in shares of Bunge Global by 15.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 86,406 shares of the basic materials company's stock worth $6,719,000 after buying an additional 11,586 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new position in shares of Bunge Global in the 4th quarter worth approximately $2,799,000. Institutional investors own 86.23% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BG. Citigroup lifted their price objective 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 for the company in a research report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $81.60.

Bunge Global Stock Up 0.6%

Shares of Bunge Global stock traded up $0.48 during trading on Monday, reaching $74.90. The company's stock had a trading volume of 355,160 shares, compared to its average volume of 1,719,434. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 3.69 and a beta of 0.67. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The company has a 50-day simple moving average of $78.97 and a two-hundred day simple moving average of $76.76.

Bunge Global (NYSE:BG - Get Free Report) last released its 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 9.98% and a net margin of 2.13%. The firm had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $13.18 billion. During the same period in the prior year, the firm earned $3.04 EPS. The firm's revenue was down 13.2% on a year-over-year basis. As a group, equities analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The firm 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 3.74%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is 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.