Jefferies Financial Group Inc. Acquires 6,106 Shares of Bunge Global SA (NYSE:BG)

Jefferies Financial Group Inc. increased its holdings in Bunge Global SA (NYSE:BG - Free Report) by 43.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 20,143 shares of the basic materials company's stock after buying an additional 6,106 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Bunge Global were worth $1,566,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Spire Wealth Management purchased a new position in shares of Bunge Global during the fourth quarter valued at approximately $26,000. Crews Bank & Trust purchased a new position in Bunge Global in the fourth quarter worth about $39,000. R Squared Ltd bought a new stake in shares of Bunge Global during the 4th quarter valued at about $45,000. Financial Perspectives Inc increased its position in shares of Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 585 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Bunge Global by 32.3% in the 4th 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 period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Wall Street Analyst Weigh In

BG has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Barclays reduced their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Bank of America lowered their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Citigroup raised their target price on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Finally, Stephens dropped their price target 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. Three research 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.com, the stock presently has an average rating of "Hold" and an average target price of $81.60.

Bunge Global Stock Down 0.9%

Shares of BG opened at $82.13 on Thursday. The business's 50 day moving average is $76.51 and its 200 day moving average is $78.76. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company has a market capitalization of $11.04 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The firm had revenue of $11.64 billion for the quarter, compared to analysts' expectations of $13.18 billion. During the same quarter last year, the business posted $3.04 earnings per share. The company's revenue for the quarter was down 13.2% compared to the same quarter last year. Research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $0.70 dividend. This is an increase from Bunge Global's previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Monday, May 19th. Bunge Global's payout ratio is currently 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.

Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Global SA (NYSE:BG - Free Report).

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.