Bunge Global SA (NYSE:BG) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC grew its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 459.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,289 shares of the basic materials company's stock after purchasing an additional 117,699 shares during the period. Janus Henderson Group PLC owned approximately 0.10% of Bunge Global worth $11,139,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Barclays PLC boosted its position in Bunge Global by 17.2% during the third quarter. Barclays PLC now owns 454,722 shares of the basic materials company's stock worth $43,945,000 after purchasing an additional 66,681 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Bunge Global by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 177,218 shares of the basic materials company's stock valued at $17,126,000 after buying an additional 4,733 shares during the period. Czech National Bank grew its stake in shares of Bunge Global by 4.9% during the 4th quarter. Czech National Bank now owns 30,274 shares of the basic materials company's stock valued at $2,354,000 after buying an additional 1,419 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Bunge Global by 12.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company's stock worth $2,935,000 after buying an additional 4,296 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Bunge Global by 7.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock worth $302,000 after buying an additional 278 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BG shares. Morgan Stanley decreased their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Bank of America reduced their price target on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Barclays decreased their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Stephens decreased their price objective 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. Finally, Citigroup raised their price target 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $81.60.

Bunge Global Stock Performance

NYSE BG traded up $0.15 during trading hours on Tuesday, hitting $80.45. The company had a trading volume of 1,832,440 shares, compared to its average volume of 1,611,702. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The business has a fifty day simple moving average of $76.87 and a 200-day simple moving average of $78.55. The firm has a market cap of $10.81 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last announced 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. The company had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Bunge Global's revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.04 earnings per share. Equities analysts predict that Bunge Global SA will post 7.94 EPS for the current 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 given a dividend of $0.70 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a yield of 3.48%. Bunge Global's dividend payout ratio (DPR) is presently 34.52%.

Bunge Global 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.