Allworth Financial LP Purchases 146 Shares of Bunge Global SA (NYSE:BG)

Allworth Financial LP boosted its stake in shares of Bunge Global SA (NYSE:BG) by 18.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 940 shares of the basic materials company’s stock after buying an additional 146 shares during the period. Allworth Financial LP’s holdings in Bunge Global were worth $76,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. UMB Bank n.a. grew its position in shares of Bunge Global by 163.1% during the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 261 shares during the period. Riverview Trust Co boosted its stake in Bunge Global by 130.8% during the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company’s stock valued at $34,000 after buying an additional 255 shares during the last quarter. NBC Securities Inc. purchased a new stake in Bunge Global during the first quarter valued at $42,000. Spire Wealth Management raised its position in Bunge Global by 66.5% during the first quarter. Spire Wealth Management now owns 556 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 222 shares during the period. Finally, Menard Financial Group LLC bought a new position in Bunge Global during the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 0.2%

BG opened at $73.14 on Friday. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $79.03 and a two-hundred day moving average price of $76.79. The company has a market cap of $9.83 billion, a PE ratio of 9.28, a P/E/G ratio of 3.62 and a beta of 0.67.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.54. The firm had revenue of $11.64 billion during the quarter, compared to analysts’ expectations of $13.18 billion. Bunge Global had a return on equity of 9.98% and a net margin of 2.13%. Bunge Global’s revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.04 earnings per share. As a group, research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The firm 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 $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global’s dividend payout ratio (DPR) is 35.53%.

Wall Street Analysts Forecast Growth

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