Bunge Global SA (NYSE:BG) Shares Purchased by LSV Asset Management

LSV Asset Management boosted its position in Bunge Global SA (NYSE:BG) by 33.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,909,319 shares of the basic materials company’s stock after purchasing an additional 478,559 shares during the period. LSV Asset Management owned approximately 1.35% of Bunge Global worth $195,743,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC bought a new position in shares of Bunge Global in the fourth quarter valued at $37,000. Rise Advisors LLC increased its holdings in shares of Bunge Global by 40.6% in the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after buying an additional 117 shares in the last quarter. Riverview Trust Co bought a new position in shares of Bunge Global in the first quarter valued at $46,000. GAMMA Investing LLC bought a new position in shares of Bunge Global in the fourth quarter valued at $62,000. Finally, Mather Group LLC. bought a new position in shares of Bunge Global in the first quarter valued at $76,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Citigroup upped their price target on Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.00.

Insider Activity

In other news, insider Christos Dimopoulos sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $103.26, for a total transaction of $2,065,200.00. Following the transaction, the insider now directly owns 87,999 shares in the company, valued at approximately $9,086,776.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Bunge Global Stock Up 0.6 %

NYSE:BG traded up $0.66 during trading hours on Friday, hitting $111.16. 1,228,224 shares of the stock traded hands, compared to its average volume of 1,580,960. The firm has a 50 day moving average price of $105.61 and a 200 day moving average price of $100.07. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. Bunge Global SA has a fifty-two week low of $86.10 and a fifty-two week high of $116.59. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 8.90 and a beta of 0.67.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, beating the consensus estimate of $2.55 by $0.49. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The business had revenue of $13.42 billion for the quarter, compared to analysts’ expectations of $13.96 billion. During the same period in the previous year, the company posted $3.26 EPS. Bunge Global’s revenue was down 12.5% on a year-over-year basis. Equities research analysts anticipate that Bunge Global SA will post 9.03 earnings per share for the current year.

Bunge Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, February 18th. Bunge Global’s dividend payout ratio is currently 21.90%.

Bunge Global 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.