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

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Bunge Global SA (NYSE:BG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 159,377 shares of the basic materials company's stock, valued at approximately $12,393,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of Bunge Global at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Bunge Global by 3.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock worth $351,000 after acquiring an additional 170 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings in Bunge Global by 25.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock worth $68,000 after acquiring an additional 178 shares in the last quarter. DoubleLine ETF Adviser LP raised its holdings in Bunge Global by 2.4% during the fourth quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock worth $615,000 after acquiring an additional 183 shares in the last quarter. Allworth Financial LP raised its holdings in Bunge Global by 32.3% during the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after acquiring an additional 194 shares in the last quarter. Finally, Abbot Financial Management Inc. raised its holdings in Bunge Global by 0.9% during the fourth quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock worth $1,786,000 after acquiring an additional 205 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

NYSE BG traded down $1.92 during trading on Tuesday, reaching $76.45. 1,584,299 shares of the company's stock were exchanged, compared to its average volume of 1,633,753. The business has a 50 day moving average price of $77.83 and a 200-day moving average price of $77.96. The stock has a market capitalization of $10.28 billion, a P/E ratio of 9.46, a PEG ratio of 2.66 and a beta of 0.68. 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 SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.54. The firm had revenue of $11.64 billion for 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 business's revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 earnings per share. Sell-side analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is 35.53%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays dropped their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Citigroup upped their target price on 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 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 lowered their price target on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley lowered their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $81.60.

Bunge Global Company 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.