Bunge Global SA (NYSE:BG) Shares Sold by Xponance Inc.

Xponance Inc. lessened its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 10.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,458 shares of the basic materials company's stock after selling 7,491 shares during the period. Xponance Inc.'s holdings in Bunge Global were worth $4,773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Bunge Global by 163.1% during the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock worth $32,000 after acquiring an additional 261 shares in the last quarter. Riverview Trust Co lifted its position in shares of Bunge Global by 130.8% during the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after buying an additional 255 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Bunge Global during the 1st quarter worth approximately $42,000. Spire Wealth Management lifted its position in shares of Bunge Global by 66.5% during the 1st quarter. Spire Wealth Management now owns 556 shares of the basic materials company's stock worth $42,000 after buying an additional 222 shares during the last quarter. Finally, Menard Financial Group LLC purchased a new stake in shares of Bunge Global during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Stock Performance

BG stock traded down $1.19 on Wednesday, hitting $73.02. The company's stock had a trading volume of 2,331,800 shares, compared to its average volume of 1,713,408. The firm has a 50 day moving average of $79.15 and a two-hundred day moving average of $76.85. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 3.72 and a beta of 0.67. The company has a current ratio of 2.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41.

Bunge Global (NYSE:BG - Get Free Report) last released 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 firm had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $13.18 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. Bunge Global's revenue for the quarter was down 13.2% on a year-over-year basis. Equities analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal 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 $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is 35.53%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BG. Stephens reduced their price objective on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Citigroup boosted their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Bunge Global 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.