Wellington Management Group LLP Purchases 55,861 Shares of Bunge Global SA (NYSE:BG)

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

Several other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in shares of Bunge Global by 9.5% during the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock worth $18,815,000 after purchasing an additional 20,942 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Bunge Global by 39.6% during the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock worth $1,665,000 after purchasing an additional 6,077 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Bunge Global during the fourth quarter worth about $2,253,000. Colrain Capital LLC bought a new stake in shares of Bunge Global during the fourth quarter worth about $2,799,000. Finally, Allworth Financial LP grew its holdings in shares of 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 purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BG shares. Morgan Stanley reduced their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Citigroup upped 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. Bank of America reduced their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Stephens reduced 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. Finally, Barclays reduced 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $81.60.

Bunge Global Trading Down 1.6%

Shares of Bunge Global stock traded down $1.25 on Wednesday, reaching $75.02. 791,683 shares of the company's stock were exchanged, compared to its average volume of 1,630,702. The company has a market capitalization of $10.08 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The firm's 50-day moving average is $77.83 and its two-hundred day moving average is $77.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) 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 analysts' expectations of $13.18 billion. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The company's revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.04 EPS. Sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Tuesday, February 17th. Bunge Global's payout ratio is 35.53%.

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.