Stephens Inc. AR cut its position in Bunge Global SA (NYSE:BG – Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,428 shares of the basic materials company’s stock after selling 4,219 shares during the quarter. Stephens Inc. AR owned 0.06% of Bunge Global worth $10,371,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Foster Dykema Cabot & Partners LLC bought a new position in shares of Bunge Global during the third quarter worth about $25,000. CoreCap Advisors LLC raised its position in shares of Bunge Global by 2,000.0% during the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 300 shares during the last quarter. Quest 10 Wealth Builders Inc. bought a new position in shares of Bunge Global during the fourth quarter worth about $27,000. Root Financial Partners LLC bought a new position in shares of Bunge Global during the third quarter worth about $28,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Bunge Global during the second quarter worth about $31,000. Institutional investors and hedge funds own 86.23% of the company’s stock.
Bunge Global Trading Down 0.6%
Shares of Bunge Global stock opened at $122.38 on Friday. Bunge Global SA has a 52-week low of $71.60 and a 52-week high of $133.93. The stock’s 50-day simple moving average is $124.32 and its 200 day simple moving average is $110.30. The stock has a market capitalization of $23.74 billion, a P/E ratio of 28.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60.
Bunge Global Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Tuesday, February 16th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, February 16th. This represents a $2.88 dividend on an annualized basis and a yield of 2.4%. Bunge Global’s dividend payout ratio is 65.27%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on BG shares. JPMorgan Chase & Co. raised their price objective on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. UBS Group restated a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. Weiss Ratings downgraded Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Zacks Research upgraded Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley raised their price objective on Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $132.67.
View Our Latest Research 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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