Teacher Retirement System of Texas Acquires Shares of 20,432 Bunge Global SA (NYSE:BG)

Teacher Retirement System of Texas purchased a new position in Bunge Global SA (NYSE:BG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,432 shares of the basic materials company's stock, valued at approximately $1,561,000.

Several other hedge funds have also recently modified their holdings of the business. Keybank National Association OH grew its holdings in shares of Bunge Global by 12.5% in the first quarter. Keybank National Association OH now owns 16,176 shares of the basic materials company's stock worth $1,236,000 after acquiring an additional 1,796 shares during the period. IRON Financial LLC bought a new stake in shares of Bunge Global in the first quarter worth $235,000. Waterfront Wealth Inc. grew its holdings in shares of Bunge Global by 5.6% in the first quarter. Waterfront Wealth Inc. now owns 18,117 shares of the basic materials company's stock worth $1,384,000 after acquiring an additional 968 shares during the period. KBC Group NV grew its holdings in shares of Bunge Global by 366.3% in the first quarter. KBC Group NV now owns 221,936 shares of the basic materials company's stock worth $16,961,000 after acquiring an additional 174,344 shares during the period. Finally, Sicart Associates LLC grew its holdings in shares of Bunge Global by 0.4% in the first quarter. Sicart Associates LLC now owns 79,146 shares of the basic materials company's stock worth $6,048,000 after acquiring an additional 290 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BG shares. Stephens cut 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 objective on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $81.60.

Bunge Global Stock Up 0.2%

NYSE:BG opened at $76.70 on Friday. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 3.80 and a beta of 0.67. The stock has a fifty day simple moving average of $79.29 and a 200-day simple moving average of $76.91. 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 released 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 firm 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 firm's quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 earnings per share. Analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders 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 dividend on an annualized basis and a yield of 3.65%. Bunge Global's dividend payout ratio is presently 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.

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