Nisa Investment Advisors LLC Buys 1,021 Shares of Bunge Global SA (NYSE:BG)

Nisa Investment Advisors LLC grew its holdings in shares of Bunge Global SA (NYSE:BG) by 23.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,341 shares of the basic materials company’s stock after buying an additional 1,021 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Bunge Global were worth $408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Bunge Global during the fourth quarter valued at approximately $148,857,000. Voloridge Investment Management LLC boosted its stake in shares of Bunge Global by 443.2% during the fourth quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company’s stock valued at $94,503,000 after purchasing an additional 991,607 shares in the last quarter. Invesco Ltd. raised its stake in shares of Bunge Global by 28.6% during the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company’s stock worth $249,349,000 after acquiring an additional 713,561 shares in the last quarter. FMR LLC raised its stake in shares of Bunge Global by 25.3% during the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company’s stock worth $269,488,000 after acquiring an additional 699,889 shares in the last quarter. Finally, Man Group plc bought a new position in shares of Bunge Global during the 4th quarter worth approximately $50,561,000. 86.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Stephens cut their price target on shares of Bunge Global from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $81.60.

Bunge Global Trading Down 1.6%

Shares of NYSE:BG opened at $73.02 on Thursday. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company has a market capitalization of $9.81 billion, a PE ratio of 9.27, a PEG ratio of 3.68 and a beta of 0.67. The business has a 50 day moving average of $79.09 and a two-hundred day moving average of $76.82. The company has a current ratio of 2.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41.

Bunge Global (NYSE:BG) last announced its quarterly earnings results 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. Bunge Global had a return on equity of 9.98% and a net margin of 2.13%. The company had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $13.18 billion. During the same period in the previous year, the company posted $3.04 earnings per share. Bunge Global’s revenue for the quarter was down 13.2% on a year-over-year basis. As a group, analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global’s payout ratio is currently 35.53%.

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.