Bunge Global SA (NYSE:BG) Holdings Boosted by Teza Capital Management LLC

Teza Capital Management LLC raised its stake in Bunge Global SA (NYSE:BG - Free Report) by 569.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,366 shares of the basic materials company's stock after purchasing an additional 22,426 shares during the quarter. Teza Capital Management LLC's holdings in Bunge Global were worth $2,050,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Bunge Global by 25.3% during the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock valued at $269,488,000 after acquiring an additional 699,889 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Bunge Global by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock valued at $268,205,000 after acquiring an additional 34,890 shares in the last quarter. Invesco Ltd. grew its stake in shares of Bunge Global by 28.6% during the fourth quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock valued at $249,349,000 after acquiring an additional 713,561 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Bunge Global by 13,459.9% during the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock valued at $229,894,000 after acquiring an additional 2,934,656 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Bunge Global by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock valued at $193,379,000 after acquiring an additional 183,701 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Down 2.7%

NYSE:BG traded down $2.20 during mid-day 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. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The stock's 50 day simple moving average is $77.01 and its two-hundred day simple moving average is $78.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, topping analysts' consensus estimates 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 11.73% and a net margin of 2.14%. The company's revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period last year, the firm earned $3.04 earnings per share. Equities analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The firm 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 3.58%. Bunge Global's dividend payout ratio is currently 35.53%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BG. Bank of America lowered their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Barclays lowered their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Stephens lowered their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Morgan Stanley lowered their target price on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Finally, Citigroup raised their target price on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note 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. Based on data from MarketBeat, Bunge Global currently has an average rating of "Hold" and an average price target of $81.60.

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.