PharVision Advisers LLC Invests $255,000 in Bunge Global SA (NYSE:BG)

PharVision Advisers LLC acquired a new stake in Bunge Global SA (NYSE:BG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,276 shares of the basic materials company's stock, valued at approximately $255,000.

Several other hedge funds have also recently bought and sold shares of BG. Spire Wealth Management acquired a new position in Bunge Global in the fourth quarter valued at $26,000. Crews Bank & Trust purchased a new stake in shares of Bunge Global during the fourth quarter worth about $39,000. R Squared Ltd bought a new stake in Bunge Global in the fourth quarter valued at about $45,000. Financial Perspectives Inc increased its holdings in Bunge Global by 585.0% in the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after buying an additional 585 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Bunge Global by 32.3% in the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock valued at $62,000 after buying an additional 194 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on BG shares. Bank of America dropped their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Barclays cut their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Morgan Stanley cut their target price on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Stephens cut 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. Finally, Citigroup raised 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $81.60.

Bunge Global Stock Performance

BG opened at $77.89 on Friday. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. 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 SA has a 1-year low of $67.40 and a 1-year high of $114.92. The business has a 50 day moving average price of $77.16 and a two-hundred day moving average price of $78.51.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.54. The company had revenue of $11.64 billion for the quarter, compared to analysts' expectations of $13.18 billion. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The firm's revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 earnings per share. Research analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Dividend Announcement

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

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.

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