Siemens Fonds Invest GmbH Makes New Investment in Bunge Global SA (NYSE:BG)

Siemens Fonds Invest GmbH purchased a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,529 shares of the basic materials company's stock, valued at approximately $1,596,000.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Bunge Global by 9.5% in the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock worth $18,815,000 after purchasing an additional 20,942 shares during the period. Vontobel Holding Ltd. boosted its holdings 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. Orca Wealth Management LLC acquired a new position in Bunge Global in the fourth quarter worth $1,238,000. Barclays PLC boosted its holdings in Bunge Global by 17.2% in the third quarter. Barclays PLC now owns 454,722 shares of the basic materials company's stock worth $43,945,000 after purchasing an additional 66,681 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Bunge Global in the fourth quarter worth $2,253,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BG shares. Barclays decreased their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Stephens reduced their price target on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Citigroup boosted their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Morgan Stanley reduced 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. Finally, Bank of America reduced their price target on shares of 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $81.60.

Bunge Global Price Performance

BG stock traded down $1.01 during trading on Friday, hitting $78.21. The company had a trading volume of 2,864,120 shares, compared to its average volume of 1,635,982. The firm has a market capitalization 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. The business has a 50 day moving average of $77.75 and a 200 day moving average of $78.19. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. 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 (NYSE:BG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate 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 company's quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.04 earnings per share. As a group, research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's 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.