Stephens Inc. AR Increases Stock Position in Bunge Global SA (NYSE:BG)

Stephens Inc. AR boosted its stake in Bunge Global SA (NYSE:BGFree Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,558 shares of the basic materials company’s stock after acquiring an additional 1,110 shares during the period. Stephens Inc. AR owned about 0.07% of Bunge Global worth $10,858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Loomis Sayles & Co. L P lifted its position in Bunge Global by 169.8% in the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 146 shares during the last quarter. NewSquare Capital LLC acquired a new position in Bunge Global in the fourth quarter valued at $37,000. Rise Advisors LLC increased its stake in 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 purchasing an additional 117 shares during the period. Ramirez Asset Management Inc. acquired a new position in Bunge Global in the third quarter valued at $54,000. Finally, GAMMA Investing LLC acquired a new position in Bunge Global in the fourth quarter valued at $62,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Bunge Global news, insider Christos Dimopoulos sold 20,000 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BG has been the topic of a number of recent research reports. HSBC upgraded shares of Bunge Global from a “hold” rating to a “buy” rating and dropped their price objective for the company from $122.00 to $105.00 in a research note on Friday, February 9th. StockNews.com lowered shares of Bunge Global from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Citigroup lifted their price objective on shares of Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group dropped their price objective on shares of Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a research note on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $121.00.

Get Our Latest Report on BG

Bunge Global Trading Down 0.9 %

Shares of Bunge Global stock opened at $104.16 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.35. The company’s 50-day simple moving average is $104.74 and its 200-day simple moving average is $99.95. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59. The firm has a market cap of $14.75 billion, a price-to-earnings ratio of 8.39 and a beta of 0.67.

Bunge Global (NYSE:BGGet Free Report) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, topping 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 company had revenue of $13.42 billion for the quarter, compared to analyst estimates of $13.96 billion. During the same period in the prior year, the business posted $3.26 earnings per share. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Bunge Global SA will post 9.28 earnings per share for the current year.

Bunge Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.72 annualized dividend and a yield of 2.61%. Bunge Global’s payout ratio is currently 21.90%.

Bunge Global Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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