8,924 Shares in Bunge Global SA (NYSE:BG) Bought by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC purchased a new position in Bunge Global SA (NYSE:BG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,924 shares of the basic materials company’s stock, valued at approximately $915,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew 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 grew its stake in Bunge Global by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,138,378 shares of the basic materials company’s stock worth $215,879,000 after buying an additional 42,592 shares during the last quarter. LSV Asset Management grew its stake in Bunge Global by 33.4% during the 1st quarter. LSV Asset Management now owns 1,909,319 shares of the basic materials company’s stock worth $195,743,000 after buying an additional 478,559 shares during the last quarter. Norges Bank purchased a new position in Bunge Global during the 4th quarter worth $128,092,000. Finally, Acadian Asset Management LLC grew its stake in Bunge Global by 4.0% during the 1st quarter. Acadian Asset Management LLC now owns 702,095 shares of the basic materials company’s stock worth $71,965,000 after buying an additional 27,235 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Performance

NYSE:BG traded up $1.13 during mid-day trading on Friday, reaching $114.08. The stock had a trading volume of 301,501 shares, compared to its average volume of 1,530,492. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.99. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 9.09 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 business has a 50 day simple moving average of $107.14 and a 200 day simple moving average of $100.83.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $13.96 billion. During the same period last year, the firm earned $3.26 EPS. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, analysts expect that Bunge Global SA will post 9.2 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.38%. Bunge Global’s dividend payout ratio (DPR) is 21.90%.

Insider Transactions at Bunge Global

In other news, insider Christos Dimopoulos sold 20,000 shares of the business’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 completion of the sale, the insider now directly owns 87,999 shares of the company’s stock, valued at approximately $9,086,776.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup boosted their target price on Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Bunge Global 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.