Lbp Am Sa Purchases Shares of 5,882 Bunge Global SA (NYSE:BG)

Lbp Am Sa acquired a new position in Bunge Global SA (NYSE:BG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,882 shares of the basic materials company’s stock, valued at approximately $603,000.

Several other large investors also recently made changes to their positions in the business. NewSquare Capital LLC acquired a new stake in Bunge Global during the 4th quarter worth approximately $37,000. Riverview Trust Co bought a new stake in Bunge Global during the 1st quarter worth about $46,000. GAMMA Investing LLC acquired a new position in shares of Bunge Global during the 4th quarter worth about $62,000. Rise Advisors LLC grew its holdings in shares of Bunge Global by 56.8% in the 1st quarter. Rise Advisors LLC now owns 635 shares of the basic materials company’s stock valued at $65,000 after acquiring an additional 230 shares in the last quarter. Finally, Mather Group LLC. bought a new position in Bunge Global in the first quarter valued at approximately $76,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Down 4.5 %

Shares of BG traded down $4.60 on Friday, reaching $98.47. The company’s stock had a trading volume of 819,822 shares, compared to its average volume of 1,541,937. The stock has a market capitalization of $13.94 billion, a PE ratio of 8.30 and a beta of 0.67. Bunge Global SA has a twelve month low of $86.10 and a twelve month high of $116.59. The firm has a fifty day moving average of $107.87 and a 200-day moving average of $101.31. 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 (NYSE:BG) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.06). Bunge Global had a return on equity of 14.67% and a net margin of 2.33%. The company had revenue of $13.24 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter in the previous year, the business earned $3.72 EPS. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. Equities analysts predict that Bunge Global SA will post 9.25 EPS for the current year.

Bunge Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.76%. The ex-dividend date is Tuesday, February 18th. Bunge Global’s dividend payout ratio is presently 21.90%.

Wall Street Analyst Weigh In

Separately, Citigroup lowered Bunge Global from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $125.00 to $114.00 in a research note on Thursday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.11.

Insider Activity at Bunge Global

In other news, insider Christos Dimopoulos sold 20,000 shares of the firm’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 sale, the insider now 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 accessible through this link. 0.60% of the stock is owned by corporate insiders.

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.