Bunge Global SA (NYSE:BG) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in Bunge Global SA by 21.1%, selling 33,679 shares and retaining 125,698 shares, worth approximately $9.6 million.
• Bunge Global's recent quarterly earnings report showed an EPS of $1.81, exceeding analysts' estimates by $0.54, but the company experienced a 13.2% decline in revenue compared to the previous year.
• Analysts have mixed opinions on Bunge Global, with a current consensus rating of "Hold" and an average target price of $81.60, reflecting cautious optimism about its stock performance.

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Bunge Global SA (NYSE:BG - Free Report) by 21.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,698 shares of the basic materials company's stock after selling 33,679 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Bunge Global worth $9,606,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BG. Raymond James Financial Inc. purchased a new position in Bunge Global in the fourth quarter valued at about $1,994,000. American Century Companies Inc. increased its holdings in Bunge Global by 9.5% in the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock valued at $18,815,000 after buying an additional 20,942 shares in the last quarter. Sei Investments Co. increased its holdings in Bunge Global by 24.9% in the fourth quarter. Sei Investments Co. now owns 84,181 shares of the basic materials company's stock valued at $6,546,000 after buying an additional 16,764 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Bunge Global by 3.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock valued at $351,000 after buying an additional 170 shares in the last quarter. Finally, Korea Investment CORP increased its holdings in Bunge Global by 108.4% in the fourth quarter. Korea Investment CORP now owns 106,708 shares of the basic materials company's stock valued at $8,298,000 after buying an additional 55,500 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

Shares of NYSE BG traded down $0.99 during midday trading on Tuesday, hitting $75.71. The company's stock had a trading volume of 675,763 shares, compared to its average volume of 1,784,897. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.82. The firm's fifty day moving average price is $78.40 and its 200-day moving average price is $76.69. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.12 and a current ratio of 2.04. The firm has a market cap of $10.17 billion, a P/E ratio of 9.60, a P/E/G ratio of 3.83 and a beta of 0.67.

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 2.13% and a return on equity of 9.98%. The business had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. During the same period in the previous year, the business posted $3.04 EPS. The company's quarterly revenue was down 13.2% on a year-over-year basis. On average, sell-side analysts forecast that Bunge Global SA will post 7.94 EPS 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. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is 35.53%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BG. Citigroup increased their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Stephens lowered their price target on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.