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

Bunge Global SA (NYSE:BG - Get Free Report) declared a quarterly dividend on Thursday, February 22nd, NASDAQ reports. Stockholders of record on Monday, May 20th will be given a dividend of 0.68 per share by the basic materials company on Monday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Friday, May 17th.

Bunge Global has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bunge Global to earn $9.58 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 27.7%.

Bunge Global Stock Performance

NYSE:BG traded down $1.70 during trading on Wednesday, reaching $101.74. The company's stock had a trading volume of 1,570,061 shares, compared to its average volume of 1,698,100. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 8.19 and a beta of 0.65. Bunge Global has a 12 month low of $86.10 and a 12 month high of $116.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.99. The firm has a 50 day moving average of $102.30 and a 200-day moving average of $99.99.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.49. The business had revenue of $13.42 billion during the quarter, compared to the consensus estimate of $13.96 billion. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The firm's quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.26 earnings per share. Research analysts expect that Bunge Global will post 9.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on BG shares. Barclays decreased their target price on Bunge Global from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Tuesday, January 23rd. Roth Mkm cut their target price on shares of Bunge Global from $161.00 to $138.00 and set a "buy" rating for the company in a research report on Monday, February 5th. HSBC raised shares of Bunge Global from a "hold" rating to a "buy" rating and cut their price objective for the stock from $122.00 to $105.00 in a report on Friday, February 9th. StockNews.com downgraded Bunge Global from a "buy" rating to a "hold" rating in a research report on Monday, February 26th. Finally, The Goldman Sachs Group reduced their price target on Bunge Global from $141.00 to $126.00 and set a "buy" rating for the company in a research report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $121.00.

About Bunge Global

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.