Bunge Global SA (NYSE:BG) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. increased its stake in Bunge Global SA (NYSE:BG - Free Report) by 126.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,400 shares of the basic materials company's stock after acquiring an additional 15,283 shares during the period. Natixis Advisors L.P.'s holdings in Bunge Global were worth $2,766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P boosted its position in Bunge Global by 169.8% during the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company's stock valued at $25,000 after buying an additional 146 shares during the period. NewSquare Capital LLC purchased a new stake in Bunge Global during the fourth quarter valued at about $37,000. Rise Advisors LLC raised its stake in shares of Bunge Global by 40.6% during the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 117 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in shares of Bunge Global during the third quarter valued at about $54,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Bunge Global during the fourth quarter worth about $62,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Stock Up 1.5 %

BG traded up $1.58 during midday trading on Monday, reaching $107.61. The company's stock had a trading volume of 1,544,794 shares, compared to its average volume of 1,696,004. The firm has a market capitalization of $15.24 billion, a price-to-earnings ratio of 8.66 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 1 year low of $86.10 and a 1 year high of $116.59. The stock's 50-day moving average is $101.86 and its 200-day moving average is $99.99.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, topping analysts' consensus estimates of $2.55 by $0.49. The business had revenue of $13.42 billion for 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%. The business's revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.26 earnings per share. As a group, research analysts expect that Bunge Global SA will post 9.28 EPS for the current year.

Bunge Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.72 dividend on an annualized basis and a yield of 2.53%. Bunge Global's dividend payout ratio is presently 21.34%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BG. The Goldman Sachs Group reduced their price target on Bunge Global from $141.00 to $126.00 and set a "buy" rating on the stock in a report on Tuesday, February 13th. HSBC upgraded shares of Bunge Global from a "hold" rating to a "buy" rating and cut their price target for the company from $122.00 to $105.00 in a report on Friday, February 9th. Barclays decreased their price objective on shares of Bunge Global from $125.00 to $115.00 and set an "overweight" rating for the company in a 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 on the stock in a research note on Monday, February 5th. Finally, BMO Capital Markets decreased their price target on shares of Bunge Global from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

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.