Yorktown Management & Research Co Inc Acquires Shares of 4,050 Bunge Global SA (NYSE:BG)

Yorktown Management & Research Co Inc bought a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,050 shares of the basic materials company's stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of Bunge Global by 163.1% in the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after buying an additional 261 shares during the period. Riverview Trust Co grew its stake in Bunge Global by 130.8% in the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 255 shares during the period. NBC Securities Inc. acquired a new position in shares of Bunge Global during the first quarter worth approximately $42,000. Menard Financial Group LLC acquired a new stake in Bunge Global in the 4th quarter valued at $47,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Bunge Global by 151.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 620 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 373 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Ratings Changes

BG has been the subject of a number of analyst reports. Citigroup lifted their price objective 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. Stephens lowered their price objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $81.60.

Bunge Global Price Performance

Shares of BG traded down $0.46 during mid-day trading on Tuesday, reaching $83.69. 1,836,574 shares of the stock traded hands, compared to its average volume of 1,660,386. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 4.23 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. The firm has a fifty day moving average price of $79.32 and a 200 day moving average price of $77.08. 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 posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, beating the consensus estimate 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 net margin of 2.13% and a return on equity of 9.98%. The business's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the company posted $3.04 EPS. As a group, equities research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Dividend Announcement

The firm also recently disclosed 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 is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.35%. Bunge Global's payout ratio is 35.53%.

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.