Pacific Point Advisors LLC Acquires Shares of 6,117 Bunge Global SA (NYSE:BG)

Pacific Point Advisors LLC acquired a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,117 shares of the basic materials company's stock, valued at approximately $459,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BG. Barclays PLC boosted its stake in Bunge Global by 17.2% during the third quarter. Barclays PLC now owns 454,722 shares of the basic materials company's stock worth $43,945,000 after buying an additional 66,681 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Bunge Global by 17.1% during the fourth quarter. Ritholtz Wealth Management now owns 3,345 shares of the basic materials company's stock valued at $260,000 after purchasing an additional 489 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Bunge Global by 42.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 27,287 shares of the basic materials company's stock valued at $2,122,000 after purchasing an additional 8,107 shares during the period. SG Americas Securities LLC boosted its stake in shares of Bunge Global by 173.5% during the fourth quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company's stock valued at $23,537,000 after purchasing an additional 191,999 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Bunge Global by 32.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,425 shares of the basic materials company's stock valued at $344,000 after purchasing an additional 1,076 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Up 1.5%

Shares of BG stock traded up $1.18 during mid-day trading on Tuesday, hitting $79.28. 1,436,330 shares of the stock traded hands, compared to its average volume of 1,758,418. The stock has a market cap of $10.65 billion, a P/E ratio of 9.81, a P/E/G ratio of 2.66 and a beta of 0.68. The stock's fifty day moving average is $77.30 and its two-hundred day moving average is $78.30. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, beating 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 business had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. During the same period in the prior year, the firm posted $3.04 earnings per share. The company's quarterly revenue was down 13.2% on a year-over-year basis. Equities analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors 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 annualized dividend and a yield of 3.53%. Bunge Global's dividend payout ratio (DPR) is presently 35.53%.

Analyst Ratings Changes

BG has been the subject of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Stephens lowered their price objective on shares of 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 upped their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Barclays lowered their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, Bank of America lowered their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Bunge Global has a consensus rating of "Hold" and a consensus target price of $81.60.

About Bunge Global

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.