Bunge Global SA (NYSE:BG) Stock Holdings Lifted by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in Bunge Global SA (NYSE:BG) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,437 shares of the basic materials company’s stock after buying an additional 1,166 shares during the period. Cetera Investment Advisers’ holdings in Bunge Global were worth $1,278,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BG. Spire Wealth Management bought a new position in shares of Bunge Global in the fourth quarter valued at $26,000. Crews Bank & Trust bought a new position in shares of Bunge Global in the fourth quarter valued at $39,000. R Squared Ltd bought a new position in shares of Bunge Global in the fourth quarter valued at $45,000. Financial Perspectives Inc increased its holdings in shares of Bunge Global by 585.0% in the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after buying an additional 585 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Bunge Global by 32.3% in the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock valued at $62,000 after buying an additional 194 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

BG opened at $78.21 on Thursday. The stock has a fifty day moving average of $77.10 and a 200-day moving average of $78.56. The firm has a market capitalization of $10.51 billion, a P/E ratio of 9.68, a PEG ratio of 2.66 and a beta of 0.68. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

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

Bunge Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global’s dividend payout ratio (DPR) is presently 35.53%.

Analyst Ratings Changes

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

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.