Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Bunge Global SA (NYSE:BG)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 159,377 shares of the basic materials company's stock, valued at approximately $12,393,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Bunge Global as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BG. Norges Bank bought a new position in shares of Bunge Global in the fourth quarter worth about $148,857,000. Voloridge Investment Management LLC grew its holdings in shares of Bunge Global by 443.2% in the fourth quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock worth $94,503,000 after purchasing an additional 991,607 shares during the last quarter. Invesco Ltd. grew its holdings in Bunge Global by 28.6% during the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after acquiring an additional 713,561 shares in the last quarter. FMR LLC grew 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 acquiring an additional 699,889 shares in the last quarter. Finally, Man Group plc bought a new position in Bunge Global during the 4th quarter worth about $50,561,000. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

Shares of Bunge Global stock traded down $1.01 during midday trading on Friday, hitting $78.21. The company had a trading volume of 2,864,120 shares, compared to its average volume of 1,633,194. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 2.66 and a beta of 0.68. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $77.75 and a 200 day simple moving average of $78.19. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $13.18 billion. During the same quarter last year, the company posted $3.04 earnings per share. The firm's revenue was down 13.2% compared to the same quarter last year. As a group, analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 annualized dividend and a yield of 3.58%. Bunge Global's dividend payout ratio is presently 35.53%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Bank of America dropped their target price 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. Citigroup increased their target price on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. 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. Morgan Stanley dropped their target price 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, Barclays dropped their target price 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.