Scientech Research LLC Buys 5,996 Shares of Bunge Global SA (NYSE:BG)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. raised 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 valued at $18,815,000 after purchasing an additional 20,942 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Bunge Global by 7.7% in the 4th 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 during the period. Vontobel Holding Ltd. raised its holdings in shares of Bunge Global by 39.6% in the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock valued at $1,665,000 after purchasing an additional 6,077 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Bunge Global by 12.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company's stock valued at $2,935,000 after purchasing an additional 4,296 shares during the period. Finally, Orca Wealth Management LLC bought a new stake in shares of Bunge Global in the 4th quarter valued at about $1,238,000. 86.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Bunge Global Price Performance

Shares of NYSE:BG traded up $0.15 during midday trading on Tuesday, hitting $80.45. The stock had a trading volume of 1,832,440 shares, compared to its average volume of 1,615,176. The company's 50-day moving average price is $76.87 and its 200-day moving average price is $78.55. The company has a market capitalization of $10.81 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.54. The business had revenue of $11.64 billion during the quarter, compared to analysts' expectations of $13.18 billion. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The firm's quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.04 EPS. As a group, equities research analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's dividend payout ratio (DPR) is presently 34.52%.

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.