CX Institutional Makes New $411,000 Investment in Bunge Global SA (NYSE:BG)

CX Institutional bought a new position in shares of Bunge Global SA (NYSE:BG) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,372 shares of the basic materials company’s stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BG. UMB Bank n.a. increased its position in 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 buying an additional 261 shares in the last quarter. Riverview Trust Co increased its position in Bunge Global by 130.8% during the 1st 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 in the last quarter. NBC Securities Inc. bought a new position in Bunge Global during the 1st quarter valued at approximately $42,000. Menard Financial Group LLC bought a new position in Bunge Global during the 4th quarter valued at approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Bunge Global by 151.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 620 shares of the basic materials company’s stock valued at $47,000 after buying an additional 373 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 5.6%

NYSE:BG opened at $81.32 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The business has a fifty day moving average price of $77.96 and a 200-day moving average price of $77.32.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 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 analyst estimates of $13.18 billion. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Bunge Global’s revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.04 EPS. Sell-side analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a yield of 3.44%. Bunge Global’s payout ratio is presently 35.53%.

Analysts Set New Price Targets

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

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.