National Bank of Canada FI Has $9.97 Million Holdings in Bunge Global SA (NYSE:BG)

National Bank of Canada FI raised its stake in Bunge Global SA (NYSE:BG - Free Report) by 28.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,508 shares of the basic materials company's stock after acquiring an additional 28,646 shares during the period. National Bank of Canada FI owned 0.10% of Bunge Global worth $9,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in Bunge Global by 163.1% during the first 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. Manchester Capital Management LLC raised its holdings in Bunge Global by 588.5% during the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock worth $32,000 after purchasing an additional 359 shares in the last quarter. Riverview Trust Co raised its holdings in Bunge Global by 130.8% during the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after purchasing an additional 255 shares in the last quarter. NBC Securities Inc. purchased a new position in Bunge Global in the first quarter valued at about $42,000. Finally, Spire Wealth Management increased its holdings in Bunge Global by 66.5% in the first quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock valued at $42,000 after buying an additional 222 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Trading Down 0.4%

BG stock traded down $0.33 during midday trading on Friday, hitting $81.77. The stock had a trading volume of 1,131,009 shares, compared to its average volume of 1,969,521. The company's 50-day moving average price is $79.39 and its 200 day moving average price is $76.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The firm has a market cap of $16.36 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 5.05 and a beta of 0.67. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $101.81.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.19 by $0.12. The firm had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%. The business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.73 earnings per share. On average, equities research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, August 19th. This represents a yield of 342.0%. Bunge Global's payout ratio is currently 27.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley set a $83.00 target price on shares of Bunge Global and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Stephens dropped their target price 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $83.40.

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.