Janus Henderson Group PLC Acquires 117,699 Shares of Bunge Global SA (NYSE:BG)

Janus Henderson Group PLC grew its position in shares of Bunge Global SA (NYSE:BG) by 459.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,289 shares of the basic materials company’s stock after buying an additional 117,699 shares during the period. Janus Henderson Group PLC owned approximately 0.10% of Bunge Global worth $11,139,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. increased its position in Bunge Global by 3.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company’s stock worth $351,000 after buying an additional 170 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in shares of Bunge Global by 25.4% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 178 shares in the last quarter. DoubleLine ETF Adviser LP grew its holdings in shares of Bunge Global by 2.4% during the 4th quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company’s stock worth $615,000 after purchasing an additional 183 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Bunge Global by 32.3% during the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 194 shares in the last quarter. Finally, Abbot Financial Management Inc. grew its holdings in shares of Bunge Global by 0.9% during the 4th quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company’s stock worth $1,786,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of BG stock opened at $81.52 on Friday. The business’s 50-day moving average price is $76.73 and its 200-day moving average price is $78.65. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 2.66 and a beta of 0.68. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.54. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The firm had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. During the same period last year, the firm posted $3.04 earnings per share. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. Equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from Bunge Global’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Monday, May 19th. Bunge Global’s dividend payout ratio (DPR) is presently 34.52%.

Analyst Ratings Changes

Several analysts have recently issued reports on BG shares. Stephens reduced their target price on Bunge Global from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Barclays reduced their target price on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Morgan Stanley reduced their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Bank of America reduced their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.