Foster & Motley Inc. Lowers Stock Holdings in Bunge Global SA (NYSE:BG)

Foster & Motley Inc. trimmed its holdings in Bunge Global SA (NYSE:BG) by 13.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,058 shares of the basic materials company’s stock after selling 4,548 shares during the period. Foster & Motley Inc.’s holdings in Bunge Global were worth $2,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position 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 worth $250,000 after purchasing an additional 1,976 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Bunge Global in the 1st quarter valued at $9,180,000. Siemens Fonds Invest GmbH purchased a new position in Bunge Global in the fourth quarter valued at about $1,596,000. DnB Asset Management AS lifted its stake in shares of Bunge Global by 15.0% during the fourth quarter. DnB Asset Management AS now owns 34,081 shares of the basic materials company’s stock worth $2,650,000 after purchasing an additional 4,451 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Bunge Global by 23.6% in the first quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company’s stock worth $408,000 after buying an additional 1,021 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 5.1%

Shares of NYSE:BG opened at $80.23 on Thursday. The company’s fifty day moving average is $78.36 and its two-hundred day moving average is $76.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.12 and a current ratio of 2.04. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $107.44. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 3.79 and a beta of 0.67.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. The firm had revenue of $12.77 billion for the quarter, compared to analysts’ expectations of $12.57 billion. Bunge Global had a net margin of 2.13% and a return on equity of 9.98%. Bunge Global’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company posted $1.73 earnings per share. Equities analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The company 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. 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 3.49%. Bunge Global’s dividend payout ratio (DPR) is presently 35.53%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BG. Stephens decreased their price target on Bunge Global from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Citigroup boosted their price target on Bunge Global from $76.00 to $77.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $81.60.

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.