Nissay Asset Management Corp Japan ADV Trims Position in Bunge Global SA (NYSE:BG)

Nissay Asset Management Corp Japan ADV decreased its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,705 shares of the basic materials company's stock after selling 16,441 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Bunge Global were worth $1,382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BG. American Century Companies Inc. lifted its stake in shares of Bunge Global by 9.5% in the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock worth $18,815,000 after purchasing an additional 20,942 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Bunge Global by 7.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock valued at $302,000 after acquiring an additional 278 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Bunge Global by 39.6% during the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock valued at $1,665,000 after purchasing an additional 6,077 shares during the period. Assenagon Asset Management S.A. raised its stake in Bunge Global by 12.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company's stock valued at $2,935,000 after purchasing an additional 4,296 shares during the period. Finally, Orca Wealth Management LLC bought a new position in Bunge Global in the 4th quarter worth approximately $1,238,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Bunge Global Stock Down 0.4%

NYSE:BG traded down $0.31 during mid-day trading on Thursday, reaching $77.89. The company's stock had a trading volume of 2,130,652 shares, compared to its average volume of 1,624,524. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $10.47 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The stock has a fifty day moving average of $77.10 and a 200-day moving average of $78.56. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.14% and a return on equity of 11.73%. The firm had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. During the same quarter in the previous year, the business posted $3.04 EPS. Bunge Global's revenue was down 13.2% on a year-over-year basis. Equities research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Tuesday, February 17th. Bunge Global's payout ratio is 35.53%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BG. Citigroup lifted their price objective on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Stephens reduced their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Barclays cut their price target on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Bank of America dropped their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Morgan Stanley lowered their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report 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.com, Bunge Global presently has a consensus rating of "Hold" and an average price target of $81.60.

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.