Bunge Global SA (NYSE:BG) is American Trust Investment Advisors LLC's 8th Largest Position

American Trust Investment Advisors LLC raised its position in Bunge Global SA (NYSE:BG - Free Report) by 27.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,835 shares of the basic materials company's stock after purchasing an additional 11,935 shares during the quarter. Bunge Global accounts for approximately 2.9% of American Trust Investment Advisors LLC's holdings, making the stock its 8th biggest holding. American Trust Investment Advisors LLC's holdings in Bunge Global were worth $5,536,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P boosted its holdings in shares of Bunge Global by 169.8% in the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 146 shares during the period. NewSquare Capital LLC bought a new position in shares of Bunge Global during the 4th quarter worth $37,000. Rise Advisors LLC grew its position in shares of Bunge Global by 40.6% during the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company's stock worth $41,000 after buying an additional 117 shares in the last quarter. Ramirez Asset Management Inc. purchased a new position in shares of Bunge Global during the third quarter valued at $54,000. Finally, GAMMA Investing LLC bought a new stake in shares of Bunge Global in the fourth quarter valued at about $62,000. Institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on BG. 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 report on Monday, February 5th. StockNews.com lowered Bunge Global from a "buy" rating to a "hold" rating in a report on Monday, February 26th. HSBC raised Bunge Global from a "hold" rating to a "buy" rating and dropped their target price for the company from $122.00 to $105.00 in a research report on Friday, February 9th. Barclays reduced their price target 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. Finally, Citigroup boosted their price objective on shares of Bunge Global from $117.00 to $122.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Four research 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.com, Bunge Global has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

Bunge Global Stock Performance

Shares of BG stock traded up $1.05 during mid-day trading on Tuesday, reaching $103.33. The stock had a trading volume of 707,074 shares, compared to its average volume of 1,665,370. 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 firm has a market cap of $14.63 billion, a price-to-earnings ratio of 8.31 and a beta of 0.65. The business's fifty day moving average is $102.92 and its 200-day moving average is $99.89.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $13.42 billion during the quarter, compared to analyst estimates 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 for the quarter was down 12.5% compared to the same quarter last year. During the same period last year, the firm posted $3.26 EPS. On average, research analysts forecast that Bunge Global SA will post 9.28 earnings per share for the current year.

Bunge Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.63%. The ex-dividend date is Friday, May 17th. Bunge Global's dividend payout ratio is currently 21.90%.

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.

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