Bunge Global SA (NYSE:BG) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC trimmed its stake in Bunge Global SA (NYSE:BG) by 6.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,650 shares of the basic materials company’s stock after selling 368 shares during the quarter. Ballentine Partners LLC’s holdings in Bunge Global were worth $579,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Rockland Trust Co. acquired a new position in shares of Bunge Global in the 1st quarter worth $241,000. Gulf International Bank UK Ltd acquired a new stake in shares of Bunge Global in the first quarter worth $1,330,000. RFG Advisory LLC boosted its position in shares of Bunge Global by 3.9% in the first quarter. RFG Advisory LLC now owns 2,589 shares of the basic materials company’s stock worth $265,000 after buying an additional 96 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Bunge Global in the first quarter worth $221,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Bunge Global in the first quarter worth $445,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Bunge Global

In other news, insider Christos Dimopoulos sold 20,000 shares of Bunge Global stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $103.26, for a total value of $2,065,200.00. Following the transaction, the insider now directly owns 87,999 shares in the company, valued at $9,086,776.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Bunge Global Stock Up 0.9 %

Shares of NYSE:BG traded up $0.95 on Monday, reaching $106.82. The company had a trading volume of 107,499 shares, compared to its average volume of 1,612,852. Bunge Global SA has a twelve month low of $86.10 and a twelve month high of $116.59. The stock has a 50-day moving average price of $104.51 and a 200 day moving average price of $99.53. The stock has a market capitalization of $15.13 billion, a P/E ratio of 8.52 and a beta of 0.67. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.35.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.49. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The company had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.96 billion. During the same quarter in the previous year, the firm earned $3.26 earnings per share. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, equities analysts expect that Bunge Global SA will post 9.28 EPS for the current year.

Bunge Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a $0.68 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.55%. Bunge Global’s payout ratio is presently 21.90%.

Analyst Ratings Changes

Several brokerages have recently commented on BG. StockNews.com cut Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Citigroup lifted their price objective on Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a research 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.