Lansforsakringar Fondforvaltning AB publ Invests $3.53 Million in Bunge Global SA (NYSE:BG)

Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 45,386 shares of the basic materials company's stock, valued at approximately $3,529,000.

Several other large investors have also recently bought and sold shares of the stock. Spire Wealth Management bought a new position in shares of Bunge Global during the 4th quarter valued at about $26,000. Crews Bank & Trust bought a new position in shares of Bunge Global during the 4th quarter valued at about $39,000. R Squared Ltd bought a new position in shares of Bunge Global during the 4th quarter valued at about $45,000. Menard Financial Group LLC bought a new position in shares of Bunge Global during the 4th quarter valued at about $47,000. Finally, Financial Perspectives Inc boosted its position in shares of Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 585 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Trading Down 2.4%

Shares of BG traded down $1.92 during midday trading on Tuesday, hitting $76.45. The stock had a trading volume of 1,584,299 shares, compared to its average volume of 1,633,753. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The business has a 50-day simple moving average of $77.83 and a two-hundred day simple moving average of $77.96. The firm has a market cap of $10.28 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.54. The business had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The firm's revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.04 earnings per share. As a group, equities analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

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 given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Tuesday, February 17th. Bunge Global's dividend payout ratio (DPR) is 35.53%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BG shares. Bank of America reduced their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Morgan Stanley decreased their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Barclays decreased their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Citigroup raised their target price on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Finally, Stephens decreased their target price on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.