SG Americas Securities LLC Decreases Holdings in Bunge Global SA (NYSE:BG)

SG Americas Securities LLC trimmed its holdings in shares of Bunge Global SA (NYSE:BG) by 93.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,514 shares of the basic materials company’s stock after selling 283,178 shares during the period. SG Americas Securities LLC’s holdings in Bunge Global were worth $1,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. UMB Bank n.a. raised its position in Bunge Global by 163.1% in the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 261 shares during the period. Riverview Trust Co increased its stake in shares of Bunge Global by 130.8% during the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 255 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Bunge Global during the 1st quarter worth approximately $42,000. Menard Financial Group LLC bought a new stake in shares of Bunge Global in the 4th quarter worth approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Bunge Global by 151.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 620 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 373 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

Shares of BG opened at $81.32 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The stock’s 50-day simple moving average is $77.96 and its 200 day simple moving average is $77.16.

Bunge Global (NYSE:BG) last posted its 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 analyst estimates of $13.18 billion. During the same quarter in the prior year, the firm posted $3.04 EPS. Bunge Global’s revenue was down 13.2% on a year-over-year basis. Research analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.44%. Bunge Global’s dividend payout ratio (DPR) is presently 35.53%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BG shares. Citigroup raised their target price 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 cut their price target on Bunge Global from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.