Twinbeech Capital LP Grows Holdings in Bunge Global SA (NYSE:BG)

Twinbeech Capital LP raised its position in Bunge Global SA (NYSE:BG - Free Report) by 196.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,881 shares of the basic materials company's stock after purchasing an additional 225,396 shares during the period. Twinbeech Capital LP owned about 0.24% of Bunge Global worth $26,429,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new position in shares of Bunge Global during the 4th quarter worth about $26,000. Crews Bank & Trust purchased a new position in shares of Bunge Global during the 4th quarter worth about $39,000. R Squared Ltd purchased a new position in shares of Bunge Global during the 4th quarter worth about $45,000. Financial Perspectives Inc lifted its holdings in shares of Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $53,000 after acquiring an additional 585 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Bunge Global by 32.3% during the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after acquiring an additional 194 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Trading Up 1.9%

NYSE BG opened at $81.52 on Monday. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The company's 50 day moving average price is $76.73 and its 200 day moving average price is $78.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 2.66 and a beta of 0.68.

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, beating the consensus estimate of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The firm had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. During the same quarter last year, the firm posted $3.04 earnings per share. Bunge Global's revenue for the quarter was down 13.2% compared to the same quarter last year. On average, sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $0.70 dividend. This is an increase from Bunge Global's previous quarterly dividend of $0.68. The ex-dividend date is Monday, May 19th. This represents a $2.80 annualized dividend and a yield of 3.43%. Bunge Global's dividend payout ratio (DPR) is 34.52%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BG. Barclays cut their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Stephens cut their price objective on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Bank of America cut their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Morgan Stanley cut their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Finally, Citigroup raised 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $81.60.

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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