5,973 Shares in Bunge Global SA (NYSE:BG) Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC bought a new stake in Bunge Global SA (NYSE:BG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,973 shares of the basic materials company's stock, valued at approximately $464,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spire Wealth Management purchased a new stake in shares of Bunge Global during the fourth quarter worth $26,000. Crews Bank & Trust bought a new stake in shares of Bunge Global during the 4th quarter valued at $39,000. R Squared Ltd purchased a new stake in Bunge Global during the 4th quarter worth about $45,000. Financial Perspectives Inc boosted its stake in Bunge Global by 585.0% in 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 period. Finally, Allworth Financial LP grew its holdings in Bunge Global by 32.3% during the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock valued at $62,000 after buying an additional 194 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BG has been the subject of several recent analyst reports. Citigroup boosted their price objective 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 lowered their price objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley reduced their target price 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. Barclays lowered their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Bank of America cut their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $81.60.

Bunge Global Price Performance

Shares of BG traded down $2.20 during midday trading on Wednesday, reaching $78.21. The stock had a trading volume of 2,538,036 shares, compared to its average volume of 1,622,498. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company's 50-day moving average is $77.01 and its 200 day moving average is $78.56.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.54. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The business had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. During the same quarter in the prior year, the firm earned $3.04 earnings per share. Bunge Global's revenue for the quarter was down 13.2% on a year-over-year basis. On average, equities analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Announces Dividend

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

Bunge Global 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.