Bunge Global SA (NYSE:BG) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in Bunge Global SA (NYSE:BG - Free Report) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,056 shares of the basic materials company's stock after buying an additional 4,787 shares during the period. Mackenzie Financial Corp's holdings in Bunge Global were worth $3,037,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of BG. Barclays PLC raised its stake in Bunge Global by 17.2% in the third quarter. Barclays PLC now owns 454,722 shares of the basic materials company's stock worth $43,945,000 after buying an additional 66,681 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Bunge Global by 32.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,425 shares of the basic materials company's stock worth $344,000 after purchasing an additional 1,076 shares during the last quarter. Blue Trust Inc. grew its holdings in Bunge Global by 41.6% in the fourth quarter. Blue Trust Inc. now owns 932 shares of the basic materials company's stock worth $72,000 after purchasing an additional 274 shares during the last quarter. R Squared Ltd purchased a new position in Bunge Global in the fourth quarter worth $45,000. Finally, Forsta AP Fonden grew its holdings in Bunge Global by 0.5% in the fourth quarter. Forsta AP Fonden now owns 96,000 shares of the basic materials company's stock worth $7,465,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Performance

Shares of BG traded down $1.01 during trading hours on Friday, reaching $78.21. 2,864,120 shares of the company traded hands, compared to its average volume of 1,633,194. The stock has a market capitalization of $10.51 billion, a P/E ratio of 9.68, a P/E/G ratio of 2.66 and a beta of 0.68. 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 SA has a 12-month low of $67.40 and a 12-month high of $114.92. The business has a fifty day moving average price of $77.75 and a 200-day moving average price of $78.19.

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

Bunge Global Announces Dividend

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 issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is 35.53%.

Analysts Set New Price Targets

Several equities analysts have issued reports on BG shares. Citigroup lifted their price target 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. Bank of America cut their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Morgan Stanley cut their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Barclays cut their price target on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Stephens dropped their price objective on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.