Bunge Global SA (NYSE:BG) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of Bunge Global SA (NYSE:BG) by 20.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 62,394 shares of the basic materials company’s stock after purchasing an additional 10,797 shares during the period. Russell Investments Group Ltd.’s holdings in Bunge Global were worth $6,304,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BG. Loomis Sayles & Co. L P grew its stake in shares of Bunge Global by 169.8% during the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 146 shares in the last quarter. NewSquare Capital LLC acquired a new stake in Bunge Global during the 4th quarter valued at approximately $37,000. Rise Advisors LLC increased its holdings in Bunge Global by 40.6% during the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 117 shares during the last quarter. Ramirez Asset Management Inc. acquired a new position in shares of Bunge Global in the 3rd quarter valued at approximately $54,000. Finally, GAMMA Investing LLC purchased a new position in shares of Bunge Global during the 4th quarter valued at approximately $62,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 1.0 %

NYSE:BG opened at $105.35 on Thursday. The firm has a market capitalization of $14.92 billion, a P/E ratio of 8.48 and a beta of 0.65. The business has a 50 day simple moving average of $101.03 and a 200 day simple moving average of $99.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.10. Bunge Global SA has a 12-month low of $86.10 and a 12-month high of $116.59.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.49. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The company had revenue of $13.42 billion during the quarter, compared to the consensus estimate of $13.96 billion. During the same quarter in the previous year, the company posted $3.26 earnings per share. The company’s revenue for the quarter was down 12.5% compared to the same quarter last year. Equities research analysts predict that Bunge Global SA will post 9.03 EPS for the current year.

Bunge Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.58%. Bunge Global’s dividend payout ratio (DPR) is presently 21.34%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BG. Citigroup lifted their price target on shares of Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Wolfe Research lowered shares of Bunge Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 10th. The Goldman Sachs Group decreased their price target on Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. BMO Capital Markets cut their price objective on Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Finally, Roth Mkm decreased their target price on Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Bunge Global has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.