Jefferies Financial Group Inc. Acquires 6,106 Shares of Bunge Global SA (NYSE:BG)

Jefferies Financial Group Inc. boosted its holdings in Bunge Global SA (NYSE:BG - Free Report) by 43.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,143 shares of the basic materials company's stock after acquiring an additional 6,106 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Bunge Global were worth $1,566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BG. Spire Wealth Management bought a new position in shares of Bunge Global during the 4th quarter valued at $26,000. Crews Bank & Trust purchased a new stake in shares of Bunge Global in the 4th quarter worth $39,000. R Squared Ltd purchased a new stake in shares of Bunge Global in the 4th quarter worth $45,000. Financial Perspectives Inc increased its stake 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 worth $53,000 after purchasing an additional 585 shares in the last quarter. Finally, Allworth Financial LP increased its stake 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 worth $62,000 after purchasing an additional 194 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Price Performance

BG stock traded up $0.31 during trading on Monday, reaching $78.46. The company's stock had a trading volume of 1,416,453 shares, compared to its average volume of 1,632,327. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. 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 company has a market capitalization of $10.55 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The company's fifty day moving average is $77.83 and its 200-day moving average is $77.98.

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

Bunge Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is 35.53%.

Analyst Upgrades and Downgrades

BG has been the subject of several analyst reports. Morgan Stanley reduced their price objective on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Stephens reduced their price objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Citigroup upped their price objective on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Bank of America reduced their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Finally, Barclays reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.