Lesa Sroufe & Co acquired a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,962 shares of the basic materials company's stock, valued at approximately $2,213,000. Bunge Global accounts for 2.2% of Lesa Sroufe & Co's portfolio, making the stock its 15th largest position.
A number of other large investors also recently added to or reduced their stakes in BG. UMB Bank n.a. grew its holdings in shares of Bunge Global by 163.1% during the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock worth $32,000 after buying an additional 261 shares in the last quarter. Riverview Trust Co grew its holdings in shares of Bunge Global by 130.8% during the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after buying an additional 255 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Bunge Global during the first quarter worth $42,000. Menard Financial Group LLC purchased a new stake in shares of Bunge Global during the fourth quarter worth $47,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Bunge Global by 151.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 620 shares of the basic materials company's stock worth $47,000 after buying an additional 373 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.
Bunge Global Stock Up 6.0%
Shares of NYSE:BG opened at $86.31 on Tuesday. The firm's 50 day moving average price is $78.29 and its 200 day moving average price is $77.13. The stock has a market cap of $11.60 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week 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.
Bunge Global (NYSE:BG - Get Free Report) last issued its 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 firm had revenue of $11.64 billion for the quarter, compared to analysts' expectations 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 quarter last year, the company earned $3.04 earnings per share. As a group, equities research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.
Bunge Global Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.24%. Bunge Global's dividend payout ratio (DPR) is presently 35.53%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on BG shares. Stephens dropped their price objective 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. Citigroup upped their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Three 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, Bunge Global presently has a consensus rating of "Hold" and an average target price of $81.60.
Read Our Latest Stock Analysis on Bunge Global
About Bunge Global
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Global SA (NYSE:BG - Free Report).
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