Vanguard Group Inc. Has $1.91 Billion Stock Position in Bunge Global SA (NYSE:BG)

Vanguard Group Inc. increased its position in shares of Bunge Global SA (NYSE:BG) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,954,832 shares of the basic materials company’s stock after purchasing an additional 578,065 shares during the quarter. Vanguard Group Inc. owned approximately 13.22% of Bunge Global worth $1,913,490,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Loomis Sayles & Co. L P lifted its position in shares of Bunge Global by 169.8% during the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 146 shares in the last quarter. NewSquare Capital LLC acquired a new position in Bunge Global during the 4th quarter worth $37,000. Rise Advisors LLC lifted its holdings in Bunge Global by 40.6% during the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after buying an additional 117 shares in the last quarter. Ramirez Asset Management Inc. acquired a new position in Bunge Global during the 3rd quarter worth $54,000. Finally, GAMMA Investing LLC acquired a new position in Bunge Global during the 4th quarter worth $62,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $102.40 on Wednesday. The firm has a fifty day moving average of $104.72 and a two-hundred day moving average of $99.62. The stock has a market capitalization of $14.50 billion, a price-to-earnings ratio of 8.24 and a beta of 0.67. Bunge Global SA has a 52 week low of $86.10 and a 52 week high of $116.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.99.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, beating the consensus estimate of $2.55 by $0.49. The company had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.96 billion. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.26 EPS. As a group, equities research analysts predict that Bunge Global SA will post 9.28 EPS for the current year.

Bunge Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Tuesday, February 18th. Bunge Global’s dividend payout ratio is currently 21.90%.

Insider Activity at Bunge Global

In related news, insider Christos Dimopoulos sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $103.26, for a total value of $2,065,200.00. Following the completion of the sale, the insider now owns 87,999 shares in the company, valued at approximately $9,086,776.74. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BG shares. StockNews.com downgraded Bunge Global from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Citigroup upped their price objective on Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $121.00.

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.