XTX Topco Ltd Takes Position in Bunge Global SA (NYSE:BG)

Key Points

• XTX Topco Ltd acquired a new stake in Bunge Global SA (NYSE:BG) with 4,492 shares valued at approximately $343,000 in the first quarter of the year.
• Analysts have revised their price targets for Bunge Global, with Citigroup increasing their target to $77.00 and Stephens lowering it to $85.00, giving the stock a current consensus rating of "Hold."
• Bunge Global recently reported quarterly earnings of $1.31 EPS, surpassing estimates, but noted a year-over-year revenue decline of 3.6%, with a projected annual EPS of 7.94.

XTX Topco Ltd bought a new stake in Bunge Global SA (NYSE:BG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,492 shares of the basic materials company's stock, valued at approximately $343,000.

A number of other institutional investors also recently modified their holdings of BG. Kingsview Wealth Management LLC acquired a new stake in shares of Bunge Global in the first quarter valued at approximately $9,180,000. GAMMA Investing LLC increased its holdings in shares of Bunge Global by 152.1% in the first quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company's stock valued at $250,000 after purchasing an additional 1,976 shares in the last quarter. Siemens Fonds Invest GmbH acquired a new stake in shares of Bunge Global in the fourth quarter valued at approximately $1,596,000. Nisa Investment Advisors LLC increased its holdings in shares of Bunge Global by 23.6% in the first quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company's stock valued at $408,000 after purchasing an additional 1,021 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Bunge Global in the first quarter valued at approximately $898,000. Institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on BG. Citigroup lifted their target price on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. 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 report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $81.60.

Bunge Global Price Performance

BG opened at $83.04 on Friday. The company has a fifty day moving average price of $78.71 and a two-hundred day moving average price of $76.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $101.81. The firm has a market capitalization of $11.16 billion, a PE ratio of 8.30, a P/E/G ratio of 5.12 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.12. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same quarter in the previous year, the business earned $1.73 EPS. The firm's revenue was down 3.6% on a year-over-year basis. As a group, analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. Bunge Global's payout ratio is 27.97%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.