Stephens Inc. AR Raises Stock Position in Bunge Global SA (NYSE:BG)

Stephens Inc. AR increased its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,644 shares of the basic materials company's stock after buying an additional 3,744 shares during the period. Stephens Inc. AR owned about 0.10% of Bunge Global worth $10,213,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Bunge Global by 163.1% during the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock worth $32,000 after buying an additional 261 shares during the period. Riverview Trust Co boosted its holdings in Bunge Global by 130.8% in the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 255 shares in the last quarter. Spire Wealth Management boosted its holdings in Bunge Global by 66.5% in the first quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 222 shares in the last quarter. NBC Securities Inc. acquired a new position in Bunge Global in the first quarter valued at approximately $42,000. Finally, Menard Financial Group LLC acquired a new position in Bunge Global in the fourth quarter valued at approximately $47,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Bunge Global Price Performance

BG stock opened at $76.70 on Monday. The company has a market capitalization of $10.31 billion, a P/E ratio of 9.73, a PEG ratio of 3.81 and a beta of 0.67. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The business has a 50 day simple moving average of $79.29 and a 200-day simple moving average of $76.89. The company has a current ratio of 2.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41.

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, beating 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 return on equity of 9.98% and a net margin of 2.13%. The company's revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.04 earnings per share. As a group, equities analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The company also recently disclosed 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. This represents a $2.80 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is currently 35.53%.

Bunge Global Company 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.

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