Bunge Global SA (NYSE:BG) Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Bunge Global SA by 3.8%, owning 3,329,577 shares valued at approximately $254 million.
• Bunge Global reported earnings per share of $1.31, exceeding analyst expectations by $0.12, despite a 3.6% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.70, yielding 3.4%, with the ex-dividend date set for February 17th.

Invesco Ltd. increased its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,329,577 shares of the basic materials company's stock after purchasing an additional 122,931 shares during the period. Invesco Ltd. owned approximately 2.48% of Bunge Global worth $254,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in shares of Bunge Global by 9.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 153,620 shares of the basic materials company's stock valued at $11,945,000 after purchasing an additional 13,488 shares during the period. Cerity Partners LLC grew its position in shares of Bunge Global by 15.8% in the fourth quarter. Cerity Partners LLC now owns 22,835 shares of the basic materials company's stock valued at $1,823,000 after purchasing an additional 3,113 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Bunge Global in the fourth quarter valued at about $1,994,000. Bessemer Group Inc. grew its position in shares of Bunge Global by 137.2% in the fourth quarter. Bessemer Group Inc. now owns 1,224 shares of the basic materials company's stock valued at $96,000 after purchasing an additional 708 shares during the period. Finally, Sterling Capital Management LLC grew its position in shares of Bunge Global by 55.5% in the fourth quarter. Sterling Capital Management LLC now owns 8,348 shares of the basic materials company's stock valued at $649,000 after purchasing an additional 2,979 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Bunge Global Price Performance

BG traded down $0.33 on Friday, reaching $81.77. 1,131,009 shares of the company's stock were exchanged, compared to its average volume of 1,969,521. The stock has a market cap of $16.36 billion, a PE ratio of 8.17, a P/E/G ratio of 5.05 and a beta of 0.67. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $101.81. The stock's fifty day moving average price is $79.39 and its 200-day moving average price is $76.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29.

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

Bunge Global Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be issued a $0.70 dividend. This represents a yield of 342.0%. The ex-dividend date is Tuesday, August 19th. Bunge Global's payout ratio is presently 27.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BG. Stephens dropped 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. Morgan Stanley set a $83.00 target price on shares of Bunge Global and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Bunge Global presently has a consensus rating of "Hold" and a consensus target price of $83.40.

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.