3,276 Shares in Bunge Global SA (NYSE:BG) Purchased by PharVision Advisers LLC

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

A number of other institutional investors have also recently made changes to their positions in BG. Spire Wealth Management purchased a new stake in Bunge Global in the fourth quarter worth $26,000. Crews Bank & Trust bought a new position in shares of Bunge Global in the 4th quarter worth $39,000. R Squared Ltd purchased a new position in Bunge Global in the fourth quarter worth $45,000. Financial Perspectives Inc grew its position in Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $53,000 after purchasing an additional 585 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Bunge Global by 32.3% during the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after acquiring an additional 194 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on BG shares. Barclays dropped their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Citigroup increased their price objective on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Bank of America lowered their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Morgan Stanley dropped their target price on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Finally, Stephens lowered their price objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $81.60.

Bunge Global Stock Performance

Shares of BG stock traded up $0.27 during trading hours on Wednesday, hitting $79.51. The stock had a trading volume of 573,725 shares, compared to its average volume of 1,625,188. The stock's 50 day moving average is $77.40 and its 200 day moving average is $78.30. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The firm has a market capitalization of $10.69 billion, a PE ratio of 9.84, a PEG 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 (NYSE:BG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The company had revenue of $11.64 billion during the quarter, compared to analysts' expectations of $13.18 billion. During the same quarter in the previous year, the business posted $3.04 earnings per share. The firm's quarterly revenue was down 13.2% compared to the same quarter last year. As a group, research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

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 of this dividend is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.52%. Bunge Global's dividend payout ratio (DPR) is presently 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.