Bunge Global SA Declares Quarterly Dividend of $0.68 (NYSE:BG)

Bunge Global SA (NYSE:BG - Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.68 per share by the basic materials company on Tuesday, March 4th. This represents a $2.72 annualized dividend and a yield of 2.58%. The ex-dividend date is Tuesday, February 18th.

Bunge Global has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bunge Global to earn $9.43 per share next year, which means the company should continue to be able to cover its $2.65 annual dividend with an expected future payout ratio of 28.1%.

Bunge Global Price Performance

Shares of BG stock traded up $1.00 during trading hours on Wednesday, hitting $105.35. 1,056,915 shares of the company's stock were exchanged, compared to its average volume of 1,709,057. The stock's 50-day moving average is $101.03 and its 200-day moving average is $99.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.10. Bunge Global has a 52 week low of $86.10 and a 52 week high of $116.59. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 8.48 and a beta of 0.65.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.49. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The firm had revenue of $13.42 billion during the quarter, compared to analysts' expectations of $13.96 billion. During the same quarter last year, the company posted $3.26 EPS. The company's quarterly revenue was down 12.5% compared to the same quarter last year. As a group, research analysts forecast that Bunge Global will post 9.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on BG shares. The Goldman Sachs Group lowered their target price on shares of Bunge Global from $141.00 to $126.00 and set a "buy" rating for the company in a report on Tuesday, February 13th. Robert W. Baird reduced their target price on Bunge Global from $125.00 to $108.00 and set a "neutral" rating on the stock in a report on Tuesday, January 23rd. BMO Capital Markets decreased their target price on Bunge Global from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Thursday, February 8th. StockNews.com lowered shares of Bunge Global from a "buy" rating to a "hold" rating in a report on Monday, February 26th. Finally, Roth Mkm dropped their price objective on Bunge Global from $161.00 to $138.00 and set a "buy" rating on the stock in a research note on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.00.

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.