Lmcg Investments LLC increased its holdings in shares of Bunge Global SA (NYSE:BG – Free Report) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,241 shares of the basic materials company’s stock after buying an additional 5,298 shares during the quarter. Lmcg Investments LLC owned 0.07% of Bunge Global worth $11,513,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Patton Albertson Miller Group LLC lifted its position in shares of Bunge Global by 10.6% during the 4th quarter. Patton Albertson Miller Group LLC now owns 31,410 shares of the basic materials company’s stock worth $2,798,000 after buying an additional 3,002 shares during the last quarter. Stevens Capital Management LP lifted its position in shares of Bunge Global by 133.3% during the 4th quarter. Stevens Capital Management LP now owns 11,413 shares of the basic materials company’s stock worth $1,017,000 after buying an additional 6,522 shares during the last quarter. Swedbank AB lifted its position in shares of Bunge Global by 2.9% during the 4th quarter. Swedbank AB now owns 133,030 shares of the basic materials company’s stock worth $11,850,000 after buying an additional 3,805 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Bunge Global by 2.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 284,285 shares of the basic materials company’s stock worth $26,336,000 after buying an additional 8,018 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its position in shares of Bunge Global by 5.8% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,703 shares of the basic materials company’s stock worth $241,000 after buying an additional 147 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.
Bunge Global Price Performance
Shares of BG opened at $126.23 on Thursday. Bunge Global SA has a 12-month low of $71.60 and a 12-month high of $133.93. The business has a 50-day simple moving average of $123.59 and a two-hundred day simple moving average of $109.01. The company has a quick ratio of 0.69, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. The stock has a market cap of $24.49 billion, a PE ratio of 29.42 and a beta of 0.64.
Bunge Global Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 16th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, February 16th. Bunge Global’s dividend payout ratio is presently 67.13%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Bank of America upped their price objective on Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. UBS Group restated a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. Barclays upped their price objective on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. BMO Capital Markets upped their target price on Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Finally, Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.67.
Check Out Our Latest Report on Bunge Global
About Bunge Global
Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.
The company’s core business activities are organized into agribusiness and food & ingredients segments.
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