USS Investment Management Ltd Increases Holdings in Bunge Global SA (NYSE:BG)

USS Investment Management Ltd increased its stake in Bunge Global SA (NYSE:BG - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,500 shares of the basic materials company's stock after buying an additional 4,800 shares during the period. USS Investment Management Ltd's holdings in Bunge Global were worth $1,594,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Bunge Global by 25.3% during the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock valued at $269,488,000 after purchasing an additional 699,889 shares in the last quarter. Geode Capital Management LLC lifted its position in Bunge Global by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock valued at $268,205,000 after acquiring an additional 34,890 shares in the last quarter. Invesco Ltd. boosted its stake 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 valued at $249,349,000 after purchasing an additional 713,561 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Bunge Global by 13,459.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after purchasing an additional 2,934,656 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Bunge Global by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock worth $193,379,000 after purchasing an additional 183,701 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Trading Down 1.0%

NYSE BG traded down $0.83 during trading hours on Thursday, hitting $78.55. 292,513 shares of the company were exchanged, compared to its average volume of 1,626,262. The stock has a 50-day moving average price of $77.52 and a 200 day moving average price of $78.31. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The stock has a market cap of $10.56 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.54. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The business had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. During the same quarter in the previous year, the business earned $3.04 earnings per share. The company's revenue for the quarter was down 13.2% compared to the same quarter last year. Analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.56%. Bunge Global's payout ratio is 35.53%.

Analyst Ratings Changes

A number of research firms have commented on BG. Bank of America reduced their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Citigroup boosted their price objective on 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 objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley lowered their price objective 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. Finally, Barclays lowered their price objective on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Bunge Global currently has a consensus rating of "Hold" and an average 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.