Kentucky Retirement Systems Insurance Trust Fund Purchases Shares of 3,860 Bunge Global SA (NYSE:BG)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Bunge Global SA (NYSE:BG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,860 shares of the basic materials company's stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BG. UMB Bank n.a. boosted its stake in shares of Bunge Global by 163.1% in the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after buying an additional 261 shares during the period. Riverview Trust Co raised its holdings in Bunge Global by 130.8% in the first 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 in the last quarter. NBC Securities Inc. acquired a new stake in Bunge Global in the first quarter valued at approximately $42,000. Menard Financial Group LLC purchased a new position in Bunge Global in the fourth quarter worth approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Bunge Global by 151.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 620 shares of the basic materials company's stock worth $47,000 after acquiring an additional 373 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BG. Stephens cut their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Citigroup increased their price objective on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $81.60.

Bunge Global Stock Down 1.6%

Bunge Global stock opened at $82.26 on Thursday. The stock has a 50 day moving average of $79.58 and a two-hundred day moving average of $77.16. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 4.15 and a beta of 0.68. The company has a current ratio of 2.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.27 by $0.54. Bunge Global had a net margin of 2.13% and a return on equity of 9.98%. The company had revenue of $11.64 billion during the quarter, compared to analysts' expectations of $13.18 billion. During the same quarter last year, the business earned $3.04 EPS. The business's revenue was down 13.2% on a year-over-year basis. As a group, research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a yield of 3.40%. Bunge Global's payout ratio is 35.53%.

Bunge Global Company 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.

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