Prudential PLC purchased a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,836 shares of the basic materials company's stock, valued at approximately $446,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Bunge Global by 163.1% in the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 261 shares during the last quarter. Manchester Capital Management LLC raised its stake in shares of Bunge Global by 588.5% in the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 359 shares during the last quarter. Riverview Trust Co raised its stake in shares of 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 last quarter. NBC Securities Inc. bought a new position in shares of Bunge Global in the first quarter valued at approximately $42,000. Finally, Spire Wealth Management raised its stake in shares of Bunge Global by 66.5% in the first quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 222 shares during the last quarter. Institutional investors own 86.23% of the company's stock.
Bunge Global Trading Up 3.1%
BG traded up $2.4510 during trading on Wednesday, reaching $82.3210. 2,249,300 shares of the company's stock were exchanged, compared to its average volume of 1,835,365. The company's fifty day moving average price is $79.59 and its 200-day moving average price is $76.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $101.81. The firm has a market capitalization of $16.47 billion, a PE ratio of 8.22, a P/E/G ratio of 4.97 and a beta of 0.67.
Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The firm had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same quarter in the previous year, the business earned $1.73 EPS. The business's quarterly revenue was down 3.6% compared to the same quarter last year. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, equities analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.
Bunge Global Dividend Announcement
The firm also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.70 per share. This represents a yield of 342.0%. The ex-dividend date of this dividend is Tuesday, August 19th. Bunge Global's payout ratio is currently 27.97%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on BG. Stephens cut their target price 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. Morgan Stanley lifted their target price on shares of Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. began coverage on shares of Bunge Global in a research note on Wednesday. They issued an "overweight" rating and a $95.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $85.33.
Read Our Latest Stock Report on Bunge Global
Bunge Global Profile
(
Free Report)
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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