Bunge Global SA (NYSE:BG) Plans $0.68 Quarterly Dividend

Bunge Global SA (NYSE:BG) declared a quarterly dividend on Tuesday, May 7th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.68 per share by the basic materials company on Tuesday, March 4th. This represents a $2.72 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Tuesday, February 18th.

Bunge Global has a dividend payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bunge Global to earn $9.37 per share next year, which means the company should continue to be able to cover its $2.65 annual dividend with an expected future payout ratio of 28.3%.

Bunge Global Trading Up 1.1 %

NYSE:BG opened at $70.54 on Friday. Bunge Global has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.10. The stock has a market capitalization of $9.85 billion, a PE ratio of 8.73 and a beta of 0.69. The business’s 50-day simple moving average is $77.63 and its 200-day simple moving average is $88.18.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Sell-side analysts expect that Bunge Global will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

BG has been the topic of several research reports. Barclays cut their target price on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Stephens cut their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley cut their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Finally, Bank of America cut their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average target price of $93.00.

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.