J.W. Cole Advisors Inc. Makes New Investment in Bunge Global SA (NYSE:BG)

J.W. Cole Advisors Inc. purchased a new stake in Bunge Global SA (NYSE:BG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,753 shares of the basic materials company's stock, valued at approximately $898,000.

Several other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of Bunge Global by 163.1% during the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 261 shares during the period. Riverview Trust Co lifted its position in shares of Bunge Global by 130.8% during the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 255 shares during the period. NBC Securities Inc. bought a new stake in shares of Bunge Global during the 1st quarter valued at $42,000. Spire Wealth Management lifted its position in shares of Bunge Global by 66.5% during the 1st quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 222 shares during the period. Finally, Menard Financial Group LLC bought a new stake in shares of Bunge Global during the 4th quarter valued at $47,000. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Price Performance

BG traded up $0.34 on Friday, reaching $77.27. The stock had a trading volume of 1,073,683 shares, compared to its average volume of 1,856,902. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The firm has a 50-day moving average of $78.48 and a 200-day moving average of $76.73. The company has a current ratio of 2.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 3.82 and a beta of 0.67.

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 for the quarter, beating the consensus estimate of $1.27 by $0.54. The company had revenue of $11.64 billion during the quarter, compared to analysts' expectations of $13.18 billion. Bunge Global had a return on equity of 9.98% and a net margin of 2.13%. The business's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.04 earnings per share. As a group, sell-side analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 annualized dividend and a dividend yield of 3.62%. Bunge Global's payout ratio is 35.53%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BG. Stephens lowered their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Citigroup boosted their price target on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.