Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Bunge Global SA (NYSE:BG)

Vanguard Personalized Indexing Management LLC increased its position in shares of Bunge Global SA (NYSE:BGFree Report) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,594 shares of the basic materials company’s stock after acquiring an additional 2,287 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Bunge Global were worth $1,675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P lifted its stake 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 worth $25,000 after acquiring an additional 146 shares during the last quarter. NewSquare Capital LLC acquired a new position in shares of Bunge Global during the fourth quarter worth $37,000. Rise Advisors LLC grew its stake in shares of Bunge Global by 40.6% during the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 117 shares in the last quarter. Ramirez Asset Management Inc. purchased a new position in Bunge Global in the third quarter valued at $54,000. Finally, GAMMA Investing LLC acquired a new stake in Bunge Global in the fourth quarter valued at $62,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

Shares of BG opened at $103.09 on Friday. Bunge Global SA has a 1 year low of $86.10 and a 1 year high of $116.59. The stock has a market capitalization of $14.60 billion, a P/E ratio of 8.30 and a beta of 0.65. 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 company’s fifty day moving average is $102.75 and its two-hundred day moving average is $99.99.

Bunge Global (NYSE:BGGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.49. The firm had revenue of $13.42 billion during the quarter, compared to the consensus estimate of $13.96 billion. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The firm’s revenue was down 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.26 earnings per share. On average, sell-side analysts predict that Bunge Global SA will post 9.28 earnings per share for the current year.

Bunge Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 2.64%. Bunge Global’s payout ratio is currently 21.90%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BG. downgraded Bunge Global from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Citigroup lifted their price target on shares of Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. HSBC raised Bunge Global from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $122.00 to $105.00 in a report on Friday, February 9th. Barclays cut their price target on Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 23rd. Finally, The Goldman Sachs Group decreased their price objective on Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Check Out Our Latest Stock Report on Bunge Global

Bunge Global 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.

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

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