Mutual Advisors LLC Buys Shares of 10,788 Bunge Global SA (NYSE:BG)

Mutual Advisors LLC bought a new position in Bunge Global SA (NYSE:BG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,788 shares of the basic materials company's stock, valued at approximately $873,000.

A number of other large investors have also recently added to or reduced their stakes in BG. UMB Bank n.a. raised its stake in shares of Bunge Global by 163.1% during the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock worth $32,000 after purchasing an additional 261 shares in the last quarter. Riverview Trust Co grew its position in Bunge Global by 130.8% in the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after acquiring an additional 255 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Bunge Global during the 1st quarter worth $42,000. Spire Wealth Management raised its holdings in shares of Bunge Global by 66.5% during the 1st quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 222 shares in the last quarter. Finally, Menard Financial Group LLC acquired a new stake in shares of Bunge Global in the 4th quarter valued at $47,000. 86.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup raised their target price on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Stephens reduced their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $81.60.

Bunge Global Price Performance

Shares of BG traded up $0.94 during trading hours on Thursday, hitting $76.58. The stock had a trading volume of 1,493,503 shares, compared to its average volume of 1,820,702. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 3.76 and a beta of 0.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.04 and a quick ratio of 1.12. The company's fifty day moving average is $79.37 and its two-hundred day moving average is $76.94. Bunge Global SA has a 52 week low of $67.40 and a 52 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, topping the consensus estimate of $1.27 by $0.54. Bunge Global had a return on equity of 9.98% and a net margin of 2.13%. The business had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $13.18 billion. During the same period in the previous year, the business earned $3.04 EPS. Bunge Global's revenue was down 13.2% compared to the same quarter last year. On average, analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's dividend payout ratio is 35.53%.

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.