United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes Position in Bunge Global SA (NYSE:BG)

Key Points

• United Super Pty Ltd has acquired 8,000 shares of Bunge Global SA, valued at approximately $611,000, during the first quarter as per their 13F filing.
• Bunge Global reported a quarterly earnings per share of $1.31, exceeding analysts' expectations, but noted a 3.6% year-over-year decline in revenue.
• The company's upcoming quarterly dividend will be $0.70 per share, with a 3.6% yield, payable on March 3rd, after the ex-dividend date on February 17th.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,000 shares of the basic materials company's stock, valued at approximately $611,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. AustralianSuper Pty Ltd purchased a new stake in shares of Bunge Global during the first quarter valued at approximately $92,552,000. Voloridge Investment Management LLC raised its stake in shares of Bunge Global by 443.2% in the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock valued at $94,503,000 after purchasing an additional 991,607 shares in the last quarter. Invesco Ltd. grew its stake in Bunge Global by 28.6% in the fourth quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after purchasing an additional 713,561 shares in the last quarter. FMR LLC lifted its holdings in Bunge Global by 25.3% during the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock worth $269,488,000 after buying an additional 699,889 shares during the last quarter. Finally, Man Group plc acquired a new position in Bunge Global in the fourth quarter worth $50,561,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

NYSE BG traded up $2.62 on Monday, hitting $80.62. The stock had a trading volume of 2,292,268 shares, compared to its average volume of 1,927,249. The company's 50-day moving average is $78.40 and its two-hundred day moving average is $76.63. Bunge Global SA has a one year low of $67.40 and a one year high of $101.81. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 3.86 and a beta of 0.67. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.12. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%. The business had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same quarter in the prior year, the firm posted $1.73 earnings per share. The company's revenue was down 3.6% on a year-over-year basis. On average, analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The business 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 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 dividend yield of 3.5%. Bunge Global's dividend payout ratio is currently 27.97%.

Wall Street Analyst Weigh In

BG has been the topic of a number of research reports. Stephens dropped their target price 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. Citigroup increased 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.