PharVision Advisers LLC Buys Shares of 3,276 Bunge Global SA (NYSE:BG)

PharVision Advisers LLC purchased a new position in Bunge Global SA (NYSE:BG) during the fourth quarter, Holdings Channel.com reports. The firm purchased 3,276 shares of the basic materials company’s stock, valued at approximately $255,000.

A number of other large investors have also recently bought and sold shares of the business. Barclays PLC boosted its holdings in Bunge Global by 17.2% during the third quarter. Barclays PLC now owns 454,722 shares of the basic materials company’s stock valued at $43,945,000 after acquiring an additional 66,681 shares during the period. Ritholtz Wealth Management boosted its holdings in Bunge Global by 17.1% during the fourth quarter. Ritholtz Wealth Management now owns 3,345 shares of the basic materials company’s stock valued at $260,000 after acquiring an additional 489 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Bunge Global by 42.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 27,287 shares of the basic materials company’s stock valued at $2,122,000 after acquiring an additional 8,107 shares during the period. SG Americas Securities LLC boosted its holdings in Bunge Global by 173.5% during the fourth quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company’s stock valued at $23,537,000 after acquiring an additional 191,999 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Bunge Global by 32.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,425 shares of the basic materials company’s stock valued at $344,000 after acquiring an additional 1,076 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

NYSE BG opened at $77.89 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 2.66 and a beta of 0.68. The company has a 50 day moving average of $77.16 and a 200-day moving average of $78.51. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92.

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

Bunge Global Dividend Announcement

The business also recently declared 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Tuesday, February 17th. Bunge Global’s dividend payout ratio is currently 35.53%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays decreased their price target 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. Bank of America reduced their target price on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. 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 research note on Tuesday, February 11th. Stephens reduced their target price on shares of Bunge Global from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Finally, Citigroup raised their price target on shares of 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 stock. Based on data from MarketBeat.com, Bunge Global has an average rating of “Hold” and a consensus 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.