GAMMA Investing LLC Grows Position in Bunge Global SA (NYSE:BG)

GAMMA Investing LLC raised its holdings in shares of Bunge Global SA (NYSE:BG) by 20.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 738 shares of the basic materials company’s stock after purchasing an additional 125 shares during the period. GAMMA Investing LLC’s holdings in Bunge Global were worth $76,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew 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 purchasing an additional 578,065 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bunge Global by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,138,378 shares of the basic materials company’s stock worth $215,879,000 after acquiring an additional 42,592 shares in the last quarter. LSV Asset Management lifted its position in Bunge Global by 86.8% during the fourth 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 last quarter. Norges Bank acquired a new stake in Bunge Global in the fourth quarter valued at approximately $128,092,000. Finally, Royal Bank of Canada grew its holdings in Bunge Global by 55.8% in the third quarter. Royal Bank of Canada now owns 613,412 shares of the basic materials company’s stock worth $66,402,000 after purchasing an additional 219,819 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on BG shares. StockNews.com downgraded Bunge Global from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Citigroup upped 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 research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Insiders Place Their Bets

In related news, insider Christos Dimopoulos sold 20,000 shares of the business’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 transaction, the insider now directly owns 87,999 shares in the company, valued at approximately $9,086,776.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Bunge Global Stock Up 2.4 %

BG stock opened at $105.87 on Monday. The company has a market capitalization of $14.99 billion, a P/E ratio of 8.52 and a beta of 0.67. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59. The firm’s fifty day simple moving average is $104.51 and its 200-day simple moving average is $99.53. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.10.

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 the consensus estimate of $2.55 by $0.49. The company had revenue of $13.42 billion for the quarter, compared to the consensus estimate of $13.96 billion. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period last year, the firm earned $3.26 EPS. As a group, equities research analysts forecast that Bunge Global SA will post 9.28 earnings per share for the current year.

Bunge Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.68 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.72 annualized dividend and a yield of 2.57%. Bunge Global’s dividend payout ratio is presently 21.90%.

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.