Captrust Financial Advisors Buys 783 Shares of Bunge Global SA (NYSE:BG)

Captrust Financial Advisors boosted its stake in shares of Bunge Global SA (NYSE:BG) by 19.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,899 shares of the basic materials company’s stock after acquiring an additional 783 shares during the period. Captrust Financial Advisors’ holdings in Bunge Global were worth $381,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Baird Financial Group Inc. increased its stake in shares of Bunge Global by 4.9% in the 4th quarter. Baird Financial Group Inc. now owns 22,000 shares of the basic materials company’s stock valued at $1,711,000 after purchasing an additional 1,018 shares during the last quarter. Baker Avenue Asset Management LP increased its stake in shares of Bunge Global by 2.8% in the 4th quarter. Baker Avenue Asset Management LP now owns 285,040 shares of the basic materials company’s stock valued at $22,165,000 after purchasing an additional 7,812 shares during the last quarter. American Trust Investment Advisors LLC increased its stake in shares of Bunge Global by 3.7% in the 4th quarter. American Trust Investment Advisors LLC now owns 66,314 shares of the basic materials company’s stock valued at $5,157,000 after purchasing an additional 2,380 shares during the last quarter. DoubleLine ETF Adviser LP increased its stake in shares of Bunge Global by 2.4% in the 4th quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company’s stock valued at $615,000 after purchasing an additional 183 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new position in shares of Bunge Global in the 4th quarter valued at $222,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Down 1.5%

Shares of NYSE:BG opened at $80.32 on Tuesday. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 2.66 and a beta of 0.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The business’s 50-day moving average is $76.87 and its 200-day moving average is $78.55. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.54. The company had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $13.18 billion. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The firm’s revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 EPS. Equities research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global’s dividend payout ratio (DPR) is currently 34.52%.

Wall Street Analysts Forecast Growth

BG has been the topic of a number of research reports. Citigroup boosted their price objective on Bunge Global from $76.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Stephens reduced their price target on Bunge Global from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Morgan Stanley reduced their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Bank of America reduced their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Barclays reduced their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $81.60.

Bunge Global Company 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.