Kingsview Wealth Management LLC Takes Position in Bunge Global SA (NYSE:BG)

Kingsview Wealth Management LLC purchased a new position 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 (SEC). The institutional investor purchased 120,131 shares of the basic materials company's stock, valued at approximately $9,180,000. Kingsview Wealth Management LLC owned approximately 0.09% of Bunge Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. increased its position in shares of Bunge Global by 24.9% during the first quarter. Cullen Frost Bankers Inc. now owns 999 shares of the basic materials company's stock valued at $76,000 after acquiring an additional 199 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Bunge Global by 12.2% in the first quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company's stock worth $95,000 after buying an additional 135 shares during the last quarter. Signaturefd LLC increased its position in Bunge Global by 79.6% in the first quarter. Signaturefd LLC now owns 1,363 shares of the basic materials company's stock worth $104,000 after buying an additional 604 shares during the last quarter. CWM LLC grew its position in shares of Bunge Global by 385.9% in the first quarter. CWM LLC now owns 9,300 shares of the basic materials company's stock valued at $711,000 after purchasing an additional 7,386 shares in the last quarter. Finally, Stephens Inc. AR grew its position in shares of Bunge Global by 2.9% in the first quarter. Stephens Inc. AR now owns 133,644 shares of the basic materials company's stock valued at $10,213,000 after purchasing an additional 3,744 shares in the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Up 1.8%

Shares of BG stock traded up $1.30 during midday trading on Friday, reaching $74.46. 1,512,855 shares of the stock were exchanged, compared to its average volume of 1,722,051. 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's 50 day moving average is $78.97 and its two-hundred day moving average is $76.77. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The firm has a market cap of $10.01 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 3.63 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $11.64 billion for 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 firm's quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 EPS. On average, equities research analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a yield of 3.76%. Bunge Global's payout ratio is presently 35.53%.

Wall Street Analysts Forecast Growth

BG has been the subject of several research analyst reports. Stephens dropped 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 boosted their target price on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Three investment 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 stock currently has an average rating of "Hold" and a consensus target price of $81.60.

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.