Bleakley Financial Group LLC Sells 258 Shares of Bunge Global SA (NYSE:BG)

Bleakley Financial Group LLC lessened its stake in shares of Bunge Global SA (NYSE:BG) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,349 shares of the basic materials company’s stock after selling 258 shares during the quarter. Bleakley Financial Group LLC’s holdings in Bunge Global were worth $3,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BG. American Century Companies Inc. boosted its position 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 in the last quarter. GAMMA Investing LLC grew its stake in Bunge Global by 152.1% during the 1st quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company’s stock valued at $250,000 after purchasing an additional 1,976 shares during the last quarter. Colrain Capital LLC purchased a new stake in Bunge Global during the 4th quarter valued at about $2,799,000. Proficio Capital Partners LLC purchased a new stake in Bunge Global during the 4th quarter valued at about $2,253,000. Finally, Siemens Fonds Invest GmbH purchased a new stake in Bunge Global during the 4th quarter valued at about $1,596,000. Institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Stephens dropped their price target 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. Citigroup boosted their price target on Bunge Global from $76.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $81.60.

Bunge Global Stock Down 2.1%

Shares of BG opened at $75.12 on Tuesday. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 3.81 and a beta of 0.67. The stock’s 50-day moving average price is $79.29 and its 200-day moving average price is $76.89.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.54. Bunge Global had a return on equity of 9.98% and a net margin of 2.13%. The firm had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $13.18 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. The company’s revenue was down 13.2% compared to the same quarter last year. On average, sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.73%. Bunge Global’s payout ratio is 35.53%.

Bunge Global 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.