Bunge Global SA (NYSE:BG) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in Bunge Global SA (NYSE:BG - Free Report) by 111.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,418 shares of the basic materials company's stock after buying an additional 5,486 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Bunge Global were worth $796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Bunge Global during the 4th quarter worth approximately $148,857,000. Voloridge Investment Management LLC lifted its position in 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 valued at $94,503,000 after acquiring an additional 991,607 shares during the last quarter. Invesco Ltd. lifted its position 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 valued at $249,349,000 after acquiring an additional 713,561 shares during the last quarter. FMR LLC boosted its stake in Bunge Global by 25.3% in the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock valued at $269,488,000 after acquiring an additional 699,889 shares in the last quarter. Finally, Man Group plc purchased a new position in shares of Bunge Global during the fourth quarter worth about $50,561,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of NYSE:BG traded down $3.02 on Friday, reaching $78.37. The company's stock had a trading volume of 2,076,553 shares, compared to its average volume of 1,690,017. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The stock has a market capitalization of $10.53 billion, a P/E ratio of 9.95, a PEG ratio of 4.04 and a beta of 0.67. The stock's 50-day moving average is $79.70 and its two-hundred day moving average is $77.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.04 and a quick ratio of 1.12.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data 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 return on equity of 9.98% and a net margin of 2.13%. The firm had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $13.18 billion. During the same period in the prior year, the business earned $3.04 EPS. The firm's revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The business 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 dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's dividend payout ratio is presently 35.53%.

Analysts Set New Price Targets

BG has been the subject of several research reports. Citigroup boosted their target price on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Stephens cut their price target 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.