Scientech Research LLC Raises Stock Holdings in Bunge Global SA (NYSE:BG)

Scientech Research LLC lifted its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 61.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,721 shares of the basic materials company's stock after buying an additional 5,996 shares during the period. Scientech Research LLC's holdings in Bunge Global were worth $1,222,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of Bunge Global by 9.5% in the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock worth $18,815,000 after purchasing an additional 20,942 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Bunge Global by 7.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock valued at $302,000 after purchasing an additional 278 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Bunge Global by 39.6% in the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock worth $1,665,000 after buying an additional 6,077 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Bunge Global by 12.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company's stock valued at $2,935,000 after buying an additional 4,296 shares in the last quarter. Finally, Orca Wealth Management LLC bought a new stake in shares of Bunge Global during the 4th quarter worth $1,238,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BG has been the subject of a number of analyst reports. Barclays cut their price objective on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Morgan Stanley cut their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Citigroup lifted their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Bank of America dropped their price target on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Finally, Stephens cut their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $81.60.

Bunge Global Trading Down 0.7%

Shares of BG stock traded down $0.52 during mid-day trading on Thursday, reaching $77.68. 705,751 shares of the stock traded hands, compared to its average volume of 1,618,910. The stock's fifty day simple moving average is $77.10 and its two-hundred day simple moving average is $78.56. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The company had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. During the same quarter in the previous year, the business posted $3.04 EPS. Bunge Global's revenue for the quarter was down 13.2% compared to the same quarter last year. On average, research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.60%. The ex-dividend date is Tuesday, February 17th. Bunge Global's dividend payout ratio (DPR) is presently 35.53%.

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.