4,335 Shares in Bunge Global SA (NYSE:BG) Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise purchased a new position in Bunge Global SA (NYSE:BG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,335 shares of the basic materials company’s stock, valued at approximately $445,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Bunge Global by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 18,954,832 shares of the basic materials company’s stock valued at $1,913,490,000 after acquiring an additional 578,065 shares during the last quarter. Northern Trust Corp grew its position in shares of Bunge Global by 2.8% in the 3rd quarter. Northern Trust Corp now owns 2,763,072 shares of the basic materials company’s stock valued at $299,103,000 after acquiring an additional 75,936 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Bunge Global by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,138,378 shares of the basic materials company’s stock valued at $215,879,000 after acquiring an additional 42,592 shares during the period. LSV Asset Management grew its position in shares of Bunge Global by 86.8% in the 4th quarter. LSV Asset Management now owns 1,430,760 shares of the basic materials company’s stock valued at $144,435,000 after acquiring an additional 664,632 shares during the period. Finally, Norges Bank bought a new stake in shares of Bunge Global during the 4th quarter worth about $128,092,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insider Buying and Selling

In other Bunge Global news, insider Christos Dimopoulos sold 20,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 87,999 shares of the company’s stock, valued at approximately $9,086,776.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Bunge Global Price Performance

Shares of NYSE:BG opened at $105.87 on Friday. The firm has a 50 day moving average of $104.51 and a 200-day moving average of $99.56. The stock has a market capitalization of $14.99 billion, a PE ratio of 8.52 and a beta of 0.67. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59.

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 period in the previous year, the company earned $3.26 EPS. On average, equities research analysts predict that Bunge Global SA will post 9.28 EPS for the current fiscal year.

Bunge Global Dividend Announcement

The business 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 dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Tuesday, February 18th. Bunge Global’s dividend payout ratio is 21.90%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com downgraded shares of Bunge Global from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Citigroup boosted their price objective on shares of Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.