Bunge Global SA (NYSE:BG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in Bunge Global SA (NYSE:BG - Free Report) by 93.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,514 shares of the basic materials company's stock after selling 283,178 shares during the period. SG Americas Securities LLC's holdings in Bunge Global were worth $1,491,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BG. American Century Companies Inc. boosted its stake in shares of Bunge Global by 9.5% during the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock valued at $18,815,000 after purchasing an additional 20,942 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Bunge Global by 39.6% in the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock worth $1,665,000 after purchasing an additional 6,077 shares during the period. Proficio Capital Partners LLC purchased a new position in Bunge Global during the fourth quarter valued at $2,253,000. Colrain Capital LLC bought a new stake in shares of Bunge Global during the 4th quarter valued at $2,799,000. Finally, Allworth Financial LP grew its position 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 buying an additional 194 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stephens lowered their price target on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Citigroup boosted their price target on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $81.60.

Bunge Global Price Performance

Shares of BG stock traded up $4.90 during mid-day trading on Monday, hitting $86.31. The company had a trading volume of 2,877,030 shares, compared to its average volume of 1,657,635. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The stock's 50 day moving average price is $77.96 and its 200-day moving average price is $77.16. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The company has a market capitalization of $11.60 billion, a P/E ratio of 10.68, a P/E/G ratio of 2.66 and a beta of 0.68.

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. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The firm had revenue of $11.64 billion for the quarter, compared to analysts' expectations of $13.18 billion. During the same period in the prior year, the company earned $3.04 EPS. The business's revenue was down 13.2% compared to the same quarter last year. Equities research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders 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 annualized dividend and a dividend yield of 3.24%. 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.