Oppenheimer & Co. Inc. Purchases 6,768 Shares of Bunge Global SA (NYSE:BG)

Oppenheimer & Co. Inc. increased its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 11.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,197 shares of the basic materials company's stock after purchasing an additional 6,768 shares during the period. Oppenheimer & Co. Inc.'s holdings in Bunge Global were worth $4,982,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of 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 during the period. Riverview Trust Co grew its stake in Bunge Global by 130.8% in the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 255 shares during the period. NBC Securities Inc. acquired a new position in Bunge Global in the first quarter valued at about $42,000. Menard Financial Group LLC acquired a new position in Bunge Global in the fourth quarter valued at about $47,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Bunge Global by 151.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 620 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 373 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BG. Stephens decreased their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Citigroup boosted their target price on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Bunge Global has an average rating of "Hold" and an average price target of $81.60.

Bunge Global Trading Down 2.3%

NYSE:BG traded down $1.91 on Friday, reaching $80.39. The company's stock had a trading volume of 2,375,444 shares, compared to its average volume of 1,670,624. The firm has a market cap of $10.80 billion, a PE ratio of 10.20, a PEG ratio of 3.99 and a beta of 0.68. The business's 50-day moving average price is $79.68 and its two-hundred day moving average price is $77.06. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. 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 (NYSE:BG - Get Free Report) last issued its quarterly 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 company 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%. The company's quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.04 earnings per share. Equities research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.48%. Bunge Global's dividend payout ratio (DPR) is 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.