Bunge Global Target of Unusually Large Options Trading (NYSE:BG)

Bunge Global SA (NYSE:BG - Get Free Report) was the target of some unusual options trading on Thursday. Stock investors acquired 3,403 call options on the company. This is an increase of 133% compared to the average volume of 1,458 call options.

Bunge Global Stock Performance

Shares of NYSE:BG traded up $1.57 during trading on Thursday, hitting $77.04. 1,868,532 shares of the stock were exchanged, compared to its average volume of 1,638,777. Bunge Global has a 1-year low of $67.40 and a 1-year high of $114.92. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The company's fifty day simple moving average is $77.72 and its 200-day simple moving average is $77.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.54. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The company had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. During the same quarter last year, the firm earned $3.04 EPS. Bunge Global's revenue for the quarter was down 13.2% compared to the same quarter last year. Sell-side analysts expect that Bunge Global 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 issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global's payout ratio is presently 35.53%.

Institutional Trading of Bunge Global

Several institutional investors have recently modified their holdings of BG. Yousif Capital Management LLC grew its holdings in shares of Bunge Global by 4.0% during the 4th quarter. Yousif Capital Management LLC now owns 22,546 shares of the basic materials company's stock worth $1,753,000 after purchasing an additional 860 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Bunge Global by 20.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,935 shares of the basic materials company's stock valued at $1,396,000 after buying an additional 3,020 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Bunge Global by 2.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,769 shares of the basic materials company's stock valued at $1,226,000 after buying an additional 445 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in 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 buying an additional 6,077 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in Bunge Global by 7.8% in the 4th quarter. V Square Quantitative Management LLC now owns 4,707 shares of the basic materials company's stock valued at $366,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup raised their price objective on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Stephens cut their price objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $81.60.

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.