Raiffeisen Bank International AG Makes New $593,000 Investment in Bunge Global SA (NYSE:BG)

Raiffeisen Bank International AG purchased a new position in shares of Bunge Global SA (NYSE:BG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,712 shares of the basic materials company's stock, valued at approximately $593,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in shares of Bunge Global during the fourth quarter worth approximately $26,000. Crews Bank & Trust acquired a new position in Bunge Global in the 4th quarter valued at $39,000. R Squared Ltd purchased a new position in Bunge Global during the 4th quarter worth $45,000. Financial Perspectives Inc raised 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 buying an additional 585 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Bunge Global by 32.3% in 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.

Bunge Global Stock Down 2.7%

NYSE BG traded down $2.20 during mid-day trading on Wednesday, reaching $78.21. 2,538,036 shares of the company's stock traded hands, compared to its average volume of 1,622,498. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The company has a fifty day simple moving average of $77.01 and a 200-day simple moving average of $78.56. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.54. The business had revenue of $11.64 billion during 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 business's quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.04 earnings per share. As a group, equities research analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Tuesday, February 17th. Bunge Global's payout ratio is currently 35.53%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BG. 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. Morgan Stanley cut their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Bank of America reduced their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Barclays lowered 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. Finally, Citigroup lifted their target price on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. 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 data from MarketBeat.com, Bunge Global currently has an average rating of "Hold" and a consensus 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.