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

Stephens Inc. AR lifted its position in Bunge Global SA (NYSE:BG - Free Report) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,644 shares of the basic materials company's stock after acquiring an additional 3,744 shares during the quarter. Stephens Inc. AR owned 0.10% of Bunge Global worth $10,213,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of Bunge Global by 18.4% in the 1st quarter. Allworth Financial LP now owns 940 shares of the basic materials company's stock worth $76,000 after acquiring an additional 146 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Bunge Global by 3.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock worth $351,000 after acquiring an additional 170 shares in the last quarter. DoubleLine ETF Adviser LP raised its position in shares of Bunge Global by 2.4% in the 4th quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock worth $615,000 after acquiring an additional 183 shares in the last quarter. Spire Wealth Management raised its position in shares of Bunge Global by 66.5% in the 1st quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock worth $42,000 after acquiring an additional 222 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Bunge Global by 15.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock worth $129,000 after acquiring an additional 225 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BG has been the subject of several recent research reports. 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. Stephens reduced their target price 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $81.60.

Bunge Global Stock Performance

Shares of BG stock traded up $0.14 during mid-day trading on Thursday, reaching $73.14. The stock had a trading volume of 1,735,624 shares, compared to its average volume of 1,719,404. The business's fifty day moving average is $79.03 and its 200-day moving average is $76.79. The company has a current ratio of 2.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 3.62 and a beta of 0.67. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.54. The business had revenue of $11.64 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $3.04 earnings per share. On average, 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. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. Bunge Global's dividend payout ratio is currently 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.