Mutual Advisors LLC Makes New $873,000 Investment in Bunge Global SA (NYSE:BG)

Mutual Advisors LLC acquired a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,788 shares of the basic materials company's stock, valued at approximately $873,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Bunge Global by 3.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock valued at $351,000 after acquiring an additional 170 shares during the last quarter. DoubleLine ETF Adviser LP grew its position in shares of Bunge Global by 2.4% in the 4th quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock valued at $615,000 after purchasing an additional 183 shares during the period. Spire Wealth Management grew its position in shares of Bunge Global by 66.5% in 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 during the period. Jones Financial Companies Lllp grew its position in shares of Bunge Global by 15.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock valued at $129,000 after purchasing an additional 225 shares during the period. Finally, Greenwich Wealth Management LLC grew its position in shares of Bunge Global by 0.5% in the 4th quarter. Greenwich Wealth Management LLC now owns 47,713 shares of the basic materials company's stock valued at $3,710,000 after purchasing an additional 255 shares during the period. Institutional investors own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BG. Citigroup upped their price target on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Stephens cut their price objective 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Bunge Global presently has an average rating of "Hold" and a consensus target price of $81.60.

Bunge Global Price Performance

Shares of NYSE BG traded up $0.97 during mid-day trading on Tuesday, reaching $75.82. The company had a trading volume of 2,661,047 shares, compared to its average volume of 1,696,615. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.12 and a current ratio of 2.04. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 3.89 and a beta of 0.67. The business's 50-day simple moving average is $79.52 and its 200 day simple moving average is $76.96.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. Bunge Global had a return on equity of 9.98% and a net margin of 2.13%. Bunge Global's revenue was down 13.2% compared to the same quarter last year. During the same period last year, the firm posted $3.04 earnings per share. On average, research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.69%. The ex-dividend date is Tuesday, February 17th. Bunge Global's dividend payout ratio (DPR) 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.