Stephens Inc. AR cut its position in Bunge Global SA (NYSE:BG – Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,428 shares of the basic materials company’s stock after selling 4,219 shares during the quarter. Stephens Inc. AR’s holdings in Bunge Global were worth $10,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of BG. United Services Automobile Association purchased a new stake in Bunge Global in the 1st quarter worth approximately $223,000. Woodline Partners LP increased its stake in Bunge Global by 34.5% in the 1st quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after acquiring an additional 2,893 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Bunge Global by 16.7% in the 1st quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after acquiring an additional 580 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Bunge Global by 118.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 494 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Bunge Global by 1.1% during the 2nd quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock valued at $1,907,000 after acquiring an additional 263 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.
Bunge Global Stock Down 0.6%
Shares of NYSE:BG opened at $122.38 on Friday. The stock has a fifty day simple moving average of $124.32 and a two-hundred day simple moving average of $110.30. The stock has a market capitalization of $23.74 billion, a price-to-earnings ratio of 28.53 and a beta of 0.64. Bunge Global SA has a 12-month low of $71.60 and a 12-month high of $133.93. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57.
Bunge Global Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th will be paid a $0.72 dividend. The ex-dividend date is Tuesday, February 16th. This represents a $2.88 annualized dividend and a dividend yield of 2.4%. Bunge Global’s payout ratio is currently 65.27%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on BG. Barclays lifted their price target on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. lifted their price target on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. HSBC lifted their price target on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Finally, Morgan Stanley lifted their price target on Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.67.
Get Our Latest Analysis on Bunge Global
About Bunge Global
Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.
The company’s core business activities are organized into agribusiness and food & ingredients segments.
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