MidWestOne Financial Group Inc. Cuts Stock Holdings in Bunge Global SA (NYSE:BG)

MidWestOne Financial Group Inc. trimmed its holdings in Bunge Global SA (NYSE:BG - Free Report) by 15.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BG. PharVision Advisers LLC purchased a new position in Bunge Global during the fourth quarter worth approximately $255,000. USS Investment Management Ltd increased its stake in shares of Bunge Global by 30.6% in the 4th quarter. USS Investment Management Ltd now owns 20,500 shares of the basic materials company's stock worth $1,594,000 after acquiring an additional 4,800 shares during the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Bunge Global by 443.2% during the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock worth $94,503,000 after acquiring an additional 991,607 shares during the period. Woodline Partners LP acquired a new position in shares of Bunge Global during the 4th quarter valued at about $652,000. Finally, Twinbeech Capital LP boosted its position in shares of Bunge Global by 196.9% during the 4th quarter. Twinbeech Capital LP now owns 339,881 shares of the basic materials company's stock valued at $26,429,000 after acquiring an additional 225,396 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley cut 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 report on Tuesday, February 11th. Stephens cut their price target 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 lifted their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Bank of America decreased their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Finally, Barclays cut their target price on 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. 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 company has a consensus rating of "Hold" and an average target price of $81.60.

Bunge Global Stock Performance

Shares of NYSE BG traded up $0.43 during trading hours on Monday, reaching $78.23. The stock had a trading volume of 1,272,045 shares, compared to its average volume of 1,630,116. The firm has a 50-day moving average of $77.23 and a 200-day moving average of $78.36. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 9.68, a PEG 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 SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last announced its 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 analysts' expectations of $13.18 billion. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The business's revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.04 earnings per share. Equities research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Tuesday, February 17th. Bunge Global's dividend payout ratio is presently 35.53%.

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.