Patton Albertson Miller Group LLC Boosts Stake in Bunge Global SA (NYSE:BG)

Patton Albertson Miller Group LLC increased its stake in Bunge Global SA (NYSE:BG - Free Report) by 34.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,968 shares of the basic materials company's stock after purchasing an additional 10,279 shares during the quarter. Patton Albertson Miller Group LLC's holdings in Bunge Global were worth $4,035,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Bunge Global by 10.3% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,459 shares of the basic materials company's stock valued at $1,056,000 after buying an additional 976 shares in the last quarter. Peregrine Asset Advisers Inc. bought a new stake in Bunge Global in the 4th quarter valued at $3,717,000. Machina Capital S.A.S. bought a new stake in Bunge Global in the 4th quarter valued at $398,000. Maryland State Retirement & Pension System purchased a new stake in Bunge Global in the 4th quarter worth $1,151,000. Finally, Private Advisor Group LLC boosted its holdings in shares of Bunge Global by 97.8% during the 4th quarter. Private Advisor Group LLC now owns 5,033 shares of the basic materials company's stock valued at $508,000 after purchasing an additional 2,489 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BG shares. The Goldman Sachs Group reduced their target price on Bunge Global from $141.00 to $126.00 and set a "buy" rating on the stock in a report on Tuesday, February 13th. Citigroup boosted their target price on shares of Bunge Global from $117.00 to $122.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. HSBC upgraded shares of Bunge Global from a "hold" rating to a "buy" rating and decreased their target price for the company from $122.00 to $105.00 in a research report on Friday, February 9th. Roth Mkm reduced 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. Finally, Barclays decreased their price objective on Bunge Global from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $121.00.

Bunge Global Price Performance

BG stock traded up $0.64 during midday trading on Friday, reaching $106.03. The stock had a trading volume of 1,168,820 shares, compared to its average volume of 1,697,666. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 8.49 and a beta of 0.65. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59. The company's fifty day simple moving average is $101.25 and its 200 day simple moving average is $99.97.

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

Bunge Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Tuesday, February 18th. Bunge Global's dividend payout ratio is presently 21.34%.

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.

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