Bunge Global SA (NYSE:BG) Stock Holdings Lifted by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC lifted its position in Bunge Global SA (NYSE:BG) by 500.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,200 shares of the basic materials company’s stock after acquiring an additional 1,000 shares during the period. Tradewinds Capital Management LLC’s holdings in Bunge Global were worth $123,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BG. Nordea Investment Management AB boosted its holdings in shares of Bunge Global by 69.4% during the fourth quarter. Nordea Investment Management AB now owns 75,691 shares of the basic materials company’s stock worth $7,621,000 after purchasing an additional 30,999 shares during the period. SteelPeak Wealth LLC acquired a new stake in shares of Bunge Global during the first quarter worth approximately $2,137,000. Cutter & CO Brokerage Inc. boosted its holdings in shares of Bunge Global by 1.8% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 9,305 shares of the basic materials company’s stock worth $939,000 after purchasing an additional 165 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Bunge Global by 5.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,642 shares of the basic materials company’s stock worth $20,319,000 after purchasing an additional 10,891 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Bunge Global by 423.6% during the fourth quarter. SG Americas Securities LLC now owns 52,247 shares of the basic materials company’s stock worth $5,274,000 after purchasing an additional 42,268 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Christos Dimopoulos sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $103.26, for a total transaction of $2,065,200.00. Following the transaction, the insider now owns 87,999 shares of the company’s stock, valued at $9,086,776.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Bunge Global Stock Performance

Shares of Bunge Global stock traded up $0.15 on Wednesday, reaching $110.53. The stock had a trading volume of 342,948 shares, compared to its average volume of 1,593,959. The business’s 50-day moving average price is $104.62 and its two-hundred day moving average price is $99.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.99. Bunge Global SA has a fifty-two week low of $86.10 and a fifty-two week high of $116.59. The stock has a market cap of $15.65 billion, a P/E ratio of 8.89 and a beta of 0.67.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.49. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The business had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.96 billion. During the same period in the previous year, the company earned $3.26 earnings per share. Bunge Global’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, sell-side analysts forecast that Bunge Global SA will post 9.28 EPS for the current year.

Bunge Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Tuesday, February 18th. Bunge Global’s dividend payout ratio (DPR) is currently 21.90%.

Analyst Upgrades and Downgrades

Separately, Citigroup lifted their target price on shares of Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.00.

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.