MidWestOne Financial Group Inc. Has $1.31 Million Stake in Bunge Global SA (NYSE:BG)

MidWestOne Financial Group Inc. lowered its position in Bunge Global SA (NYSE:BG - Free Report) by 15.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,881 shares of the basic materials company's stock after selling 3,152 shares during the period. MidWestOne Financial Group Inc.'s holdings in Bunge Global were worth $1,313,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its position in shares of Bunge Global by 25.3% in the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock worth $269,488,000 after purchasing an additional 699,889 shares during the period. Geode Capital Management LLC lifted its position in shares of Bunge Global by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock worth $268,205,000 after purchasing an additional 34,890 shares during the period. Invesco Ltd. lifted its position in shares of Bunge Global by 28.6% in the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after purchasing an additional 713,561 shares during the period. Pacer Advisors Inc. lifted its position in shares of Bunge Global by 13,459.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after purchasing an additional 2,934,656 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Bunge Global by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock worth $193,379,000 after purchasing an additional 183,701 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Stock Performance

Shares of BG stock opened at $80.45 on Wednesday. The firm has a market capitalization of $10.81 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The firm has a fifty day simple moving average of $77.01 and a two-hundred day simple moving average of $78.56. 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 SA has a 12 month low of $67.40 and a 12 month high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, beating 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%. Bunge Global's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.04 EPS. Analysts forecast 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 paid 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 3.48%. Bunge Global's dividend payout ratio (DPR) is presently 35.53%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BG shares. Citigroup boosted their price target on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Barclays lowered their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Stephens lowered their price objective on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Morgan Stanley lowered their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Finally, Bank of America lowered 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 note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Bunge Global presently has a consensus rating of "Hold" and an average target price of $81.60.

Bunge Global 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.