Bunge Global SA (NYSE:BG) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Bunge Global SA (NYSE:BG - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,138,378 shares of the basic materials company's stock after acquiring an additional 42,592 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.47% of Bunge Global worth $215,879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in Bunge Global by 69.4% in the fourth quarter. Nordea Investment Management AB now owns 75,691 shares of the basic materials company's stock valued at $7,621,000 after purchasing an additional 30,999 shares during the last quarter. Cutter & CO Brokerage Inc. grew its position in shares of Bunge Global by 1.8% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 9,305 shares of the basic materials company's stock worth $939,000 after buying an additional 165 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Bunge Global by 423.6% during the 4th quarter. SG Americas Securities LLC now owns 52,247 shares of the basic materials company's stock worth $5,274,000 after acquiring an additional 42,268 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in Bunge Global during the third quarter valued at approximately $2,706,000. Finally, Asset Management One Co. Ltd. boosted its stake in Bunge Global by 53.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 91,657 shares of the basic materials company's stock valued at $9,314,000 after acquiring an additional 32,020 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

NYSE BG traded down $1.70 on Wednesday, hitting $101.74. 1,592,917 shares of the company's stock traded hands, compared to its average volume of 1,698,100. The firm's 50-day moving average price is $102.10 and its two-hundred day moving average price is $99.97. The firm has a market capitalization of $14.41 billion, a PE ratio of 8.33 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.

Bunge Global (NYSE:BG - Get Free Report) last posted its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.49. The company 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% on a year-over-year basis. During the same period in the previous year, the firm posted $3.26 earnings per share. As a group, analysts expect that Bunge Global SA will post 9.28 EPS for the current year.

Bunge Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, May 17th. Bunge Global's dividend payout ratio (DPR) is 21.34%.

Wall Street Analysts Forecast Growth

BG has been the topic of a number of recent analyst reports. HSBC raised Bunge Global from a "hold" rating to a "buy" rating and reduced their price target for the stock from $122.00 to $105.00 in a research report on Friday, February 9th. BMO Capital Markets lowered their price target on Bunge Global from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Thursday, February 8th. Roth Mkm cut their price objective on shares of Bunge Global from $161.00 to $138.00 and set a "buy" rating on the stock in a report on Monday, February 5th. StockNews.com cut shares of Bunge Global from a "buy" rating to a "hold" rating in a research note on Monday, February 26th. Finally, Barclays dropped their target price on shares of 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.