Wellington Management Group LLP Boosts Stock Holdings in Bunge Global SA (NYSE:BG)

Wellington Management Group LLP boosted its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 30.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,595 shares of the basic materials company's stock after acquiring an additional 55,861 shares during the period. Wellington Management Group LLP owned about 0.18% of Bunge Global worth $18,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 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. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 34,890 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Bunge Global by 28.6% in the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock valued at $249,349,000 after buying an additional 713,561 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $193,379,000 after buying an additional 183,701 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Bunge Global by 24.9% in the 4th quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock valued at $190,476,000 after buying an additional 490,153 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

Shares of BG stock traded down $0.77 during mid-day trading on Thursday, reaching $73.82. The stock had a trading volume of 1,540,217 shares, compared to its average volume of 1,633,903. The business's fifty day moving average is $77.74 and its 200-day moving average is $77.82. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 2.66 and a beta of 0.68. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last announced 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 net margin of 2.14% and a return on equity of 11.73%. The business had revenue of $11.64 billion during the quarter, compared to analysts' expectations of $13.18 billion. During the same period in the previous year, the business posted $3.04 EPS. The business's quarterly revenue was down 13.2% compared to the same quarter last year. On average, research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Dividend Announcement

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 issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Tuesday, February 17th. Bunge Global's dividend payout ratio (DPR) is 35.53%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Barclays lowered their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Morgan Stanley lowered their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Stephens lowered their target price on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Finally, Bank of America lowered their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. 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 company 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.