Quantinno Capital Management LP Has $2.08 Million Position in Bunge Global SA (NYSE:BG)

Quantinno Capital Management LP cut its stake in Bunge Global SA (NYSE:BG - Free Report) by 48.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,683 shares of the basic materials company's stock after selling 25,194 shares during the period. Quantinno Capital Management LP's holdings in Bunge Global were worth $2,075,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mufg Securities Americas Inc. bought a new position in Bunge Global during the fourth quarter valued at about $160,000. Man Group plc acquired a new stake in Bunge Global in the 4th quarter valued at about $50,561,000. Nomura Holdings Inc. acquired a new stake in Bunge Global in the 4th quarter valued at about $358,000. Occudo Quantitative Strategies LP boosted its position in shares of Bunge Global by 58.4% during the 4th quarter. Occudo Quantitative Strategies LP now owns 5,681 shares of the basic materials company's stock valued at $442,000 after purchasing an additional 2,094 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Bunge Global by 3.7% in the 4th quarter. Millennium Management LLC now owns 953,831 shares of the basic materials company's stock worth $74,170,000 after purchasing an additional 33,608 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Trading Up 0.7%

Shares of BG stock traded up $0.54 during trading hours on Tuesday, reaching $78.64. 163,203 shares of the stock traded hands, compared to its average volume of 1,624,330. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $10.57 billion, a PE ratio of 9.73, a PEG ratio of 2.66 and a beta of 0.68. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The business has a fifty day moving average price of $77.30 and a 200 day moving average price of $78.30.

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, beating the consensus estimate of $1.27 by $0.54. The company had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $13.18 billion. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The company's revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.04 EPS. On average, equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.56%. The ex-dividend date is Tuesday, February 17th. Bunge Global's dividend payout ratio is currently 35.53%.

Analyst Upgrades and Downgrades

Several analysts recently commented on BG shares. Citigroup increased their target price on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Stephens cut 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. Barclays reduced their price objective on 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. Bank of America cut 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. Finally, Morgan Stanley decreased their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research report 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.