Bunge Global SA (NYSE:BG) Stake Raised by Amalgamated Bank

Amalgamated Bank raised its holdings in Bunge Global SA (NYSE:BG) by 3.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 39,250 shares of the basic materials company’s stock after acquiring an additional 1,403 shares during the period. Amalgamated Bank’s holdings in Bunge Global were worth $3,962,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BG. Loomis Sayles & Co. L P lifted its stake in 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 purchasing an additional 146 shares during the last quarter. NewSquare Capital LLC bought a new stake in shares of Bunge Global during the 4th quarter worth $37,000. Rise Advisors LLC grew its holdings in shares of Bunge Global by 40.6% in the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 117 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of Bunge Global during the third quarter worth $54,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Bunge Global during the fourth quarter valued at $62,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 1.0 %

BG opened at $105.35 on Thursday. The company has a market capitalization of $14.92 billion, a PE ratio of 8.48 and a beta of 0.65. 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 fifty-two week low of $86.10 and a fifty-two week high of $116.59. The business has a 50-day moving average of $101.03 and a 200-day moving average of $99.93.

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, 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 firm had revenue of $13.42 billion for the quarter, compared to analyst estimates of $13.96 billion. During the same quarter last year, the firm earned $3.26 earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities research analysts forecast that Bunge Global SA will post 9.03 EPS for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, February 18th. Bunge Global’s payout ratio is 21.34%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BG. Roth Mkm dropped their price target on Bunge Global from $161.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. The Goldman Sachs Group cut their price target on shares of Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Robert W. Baird lowered their price objective on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Citigroup increased their target price on Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, BMO Capital Markets lowered their price target on Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Bunge Global currently has an average 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.