Versant Capital Management Inc Makes New $48,000 Investment in Bunge Global SA (NYSE:BG)

Versant Capital Management Inc purchased a new position in shares of Bunge Global SA (NYSE:BG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 452 shares of the basic materials company’s stock, valued at approximately $48,000.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Bunge Global by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 18,954,832 shares of the basic materials company’s stock worth $1,913,490,000 after purchasing an additional 578,065 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Bunge Global by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,138,378 shares of the basic materials company’s stock worth $215,879,000 after purchasing an additional 42,592 shares in the last quarter. LSV Asset Management lifted its position in shares of Bunge Global by 33.4% during the first quarter. LSV Asset Management now owns 1,909,319 shares of the basic materials company’s stock worth $195,743,000 after purchasing an additional 478,559 shares in the last quarter. Norges Bank acquired a new stake in shares of Bunge Global during the fourth quarter worth about $128,092,000. Finally, Acadian Asset Management LLC lifted its position in shares of Bunge Global by 4.0% during the first quarter. Acadian Asset Management LLC now owns 702,095 shares of the basic materials company’s stock worth $71,965,000 after purchasing an additional 27,235 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insider Transactions at Bunge Global

In other news, insider Christos Dimopoulos sold 20,000 shares of the firm’s stock in a transaction that occurred 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 $9,086,776.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Bunge Global Stock Down 0.1 %

Bunge Global stock traded down $0.10 during mid-day trading on Tuesday, hitting $95.31. The company had a trading volume of 1,492,312 shares, compared to its average volume of 1,551,091. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 7.67 and a beta of 0.67. Bunge Global SA has a 1 year low of $86.10 and a 1 year high of $116.59. The company has a quick ratio of 1.10, a current ratio of 2.03 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $107.60 and a 200 day moving average of $101.44.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.06). The company had revenue of $13.24 billion during the quarter, compared to analysts’ expectations of $14.30 billion. Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The business’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.72 earnings per share. On average, sell-side analysts expect that Bunge Global SA will post 9.4 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.85%. Bunge Global’s dividend payout ratio (DPR) is presently 21.90%.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and reduced their target price for the company from $125.00 to $114.00 in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $120.11.

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.