Patton Albertson Miller Group LLC Cuts Stake in Bunge Global SA (NYSE:BG)

Patton Albertson Miller Group LLC cut its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 45.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,362 shares of the basic materials company's stock after selling 18,634 shares during the quarter. Patton Albertson Miller Group LLC's holdings in Bunge Global were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Bunge Global by 9.5% during the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock valued at $18,815,000 after acquiring an additional 20,942 shares during the period. GAMMA Investing LLC grew its position in shares of Bunge Global by 152.1% in the 1st quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company's stock worth $250,000 after buying an additional 1,976 shares during the last quarter. Colrain Capital LLC purchased a new position in shares of Bunge Global during the fourth quarter valued at approximately $2,799,000. Siemens Fonds Invest GmbH purchased a new position in shares of Bunge Global during the fourth quarter valued at approximately $1,596,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Bunge Global during the first quarter valued at approximately $9,180,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BG shares. 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. 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $81.60.

Bunge Global Stock Up 1.8%

Shares of NYSE:BG traded up $1.30 during trading on Friday, hitting $74.46. The stock had a trading volume of 1,512,855 shares, compared to its average volume of 1,722,051. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The company has a market capitalization of $10.01 billion, a PE ratio of 9.45, a PEG ratio of 3.63 and a beta of 0.67. The firm's fifty day moving average is $78.97 and its 200 day moving average is $76.77. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 0.41.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.54. The business had revenue of $11.64 billion during the quarter, compared to analysts' expectations of $13.18 billion. Bunge Global had a return on equity of 9.98% and a net margin of 2.13%. The firm's quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 earnings per share. Analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.76%. The ex-dividend date is Tuesday, February 17th. 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.