GAMMA Investing LLC Has $182,000 Stock Position in Bunge Global SA (NYSE:BG)

GAMMA Investing LLC lifted its position in shares of Bunge Global SA (NYSE:BG) by 130.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,700 shares of the basic materials company’s stock after purchasing an additional 962 shares during the quarter. GAMMA Investing LLC’s holdings in Bunge Global were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BG. Arizona State Retirement System raised its position in Bunge Global by 0.8% in the fourth quarter. Arizona State Retirement System now owns 41,402 shares of the basic materials company’s stock worth $4,180,000 after purchasing an additional 311 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Bunge Global by 53.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 91,657 shares of the basic materials company’s stock worth $9,314,000 after buying an additional 32,020 shares during the period. Allworth Financial LP boosted its stake in Bunge Global by 56.5% in the 4th quarter. Allworth Financial LP now owns 1,033 shares of the basic materials company’s stock valued at $104,000 after buying an additional 373 shares in the last quarter. New York State Teachers Retirement System grew its position in Bunge Global by 11.4% in the fourth quarter. New York State Teachers Retirement System now owns 153,620 shares of the basic materials company’s stock valued at $15,508,000 after acquiring an additional 15,675 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in Bunge Global by 2.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 43,031 shares of the basic materials company’s stock worth $4,338,000 after acquiring an additional 838 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Bunge Global

In related news, insider Christos Dimopoulos sold 20,000 shares of Bunge Global stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $103.26, for a total transaction of $2,065,200.00. Following the completion of the sale, the insider now directly 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 SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Bunge Global Price Performance

Shares of Bunge Global stock traded up $1.44 during trading on Tuesday, reaching $96.85. The company’s stock had a trading volume of 613,140 shares, compared to its average volume of 1,545,028. The stock has a 50-day moving average price of $107.60 and a two-hundred day moving average price of $101.44. The stock has a market capitalization of $13.71 billion, a P/E ratio of 7.73 and a beta of 0.67. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.37. Bunge Global SA has a one year low of $86.10 and a one year high of $116.59.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, July 31st. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.06). Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The firm had revenue of $13.24 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same period last year, the business posted $3.72 earnings per share. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Bunge Global SA will post 9.4 EPS for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.72 annualized dividend and a yield of 2.81%. Bunge Global’s dividend payout ratio is currently 21.90%.

Analyst Ratings Changes

Separately, Citigroup downgraded shares of Bunge Global from a “buy” rating to a “neutral” rating and reduced their target price for the company from $125.00 to $114.00 in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and a consensus price target of $120.11.

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.