Bunge Global SA (NYSE:BG) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in shares of Bunge Global SA (NYSE:BGFree Report) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 171,638 shares of the basic materials company’s stock after selling 2,565 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.12% of Bunge Global worth $17,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Bunge Global by 0.3% during the third quarter. Vanguard Group Inc. now owns 18,376,767 shares of the basic materials company’s stock valued at $1,989,285,000 after acquiring an additional 60,660 shares during the period. Northern Trust Corp raised its stake in shares of Bunge Global by 2.8% in the 3rd quarter. Northern Trust Corp now owns 2,763,072 shares of the basic materials company’s stock worth $299,103,000 after buying an additional 75,936 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bunge Global by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,138,378 shares of the basic materials company’s stock valued at $215,879,000 after buying an additional 42,592 shares during the period. LSV Asset Management boosted its stake in Bunge Global by 86.8% during the fourth quarter. LSV Asset Management now owns 1,430,760 shares of the basic materials company’s stock valued at $144,435,000 after buying an additional 664,632 shares in the last quarter. Finally, Norges Bank bought a new stake in Bunge Global in the fourth quarter worth about $128,092,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of NYSE BG opened at $104.13 on Monday. 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 one year low of $86.10 and a one year high of $116.59. The business’s 50-day moving average price is $104.78 and its two-hundred day moving average price is $99.86. The company has a market capitalization of $14.74 billion, a P/E ratio of 8.38 and a beta of 0.67.

Bunge Global (NYSE:BGGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, beating the consensus estimate of $2.55 by $0.49. The business had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.96 billion. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.26 EPS. Analysts anticipate that Bunge Global SA will post 9.28 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

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 paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, February 18th. Bunge Global’s payout ratio is presently 21.90%.

Wall Street Analysts Forecast Growth

BG has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on shares of Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a research report on Tuesday, February 13th. Citigroup lifted their target price on shares of Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, StockNews.com downgraded shares of Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $121.00.

Get Our Latest Report on Bunge Global

Insider Buying and Selling

In other Bunge Global news, insider Christos Dimopoulos sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $103.26, for a total value of $2,065,200.00. Following the completion of the sale, 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 through this link. 0.60% of the stock is currently owned by corporate insiders.

Bunge Global Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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