LVW Advisors LLC Makes New $209,000 Investment in Bunge Global SA (NYSE:BG)

LVW Advisors LLC purchased a new position in shares of Bunge Global SA (NYSE:BG) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,040 shares of the basic materials company’s stock, valued at approximately $209,000.

Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new position in shares of Bunge Global during the fourth quarter valued at approximately $37,000. Rise Advisors LLC increased its holdings in shares of Bunge Global by 40.6% in the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 117 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Bunge Global in the first quarter valued at approximately $46,000. Ramirez Asset Management Inc. acquired a new stake in shares of Bunge Global in the third quarter valued at approximately $54,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Bunge Global in the fourth quarter valued at approximately $62,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Down 0.8 %

NYSE:BG opened at $106.77 on Monday. The firm has a market cap of $15.12 billion, a PE ratio of 8.60 and a beta of 0.67. The stock has a fifty day moving average price of $104.66 and a 200 day moving average price of $99.62. Bunge Global SA has a 12-month low of $86.10 and a 12-month high of $116.59. 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 (NYSE:BG) last released its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.49. The firm had revenue of $13.42 billion during the quarter, compared to analyst estimates of $13.96 billion. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. Bunge Global’s revenue was down 12.5% compared to the same quarter last year. During the same period last year, the business posted $3.26 earnings per share. Sell-side analysts anticipate that Bunge Global SA will post 9.28 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, February 18th. Bunge Global’s dividend payout ratio (DPR) is 21.90%.

Insiders Place Their Bets

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 transaction of $2,065,200.00. Following the sale, the insider now owns 87,999 shares in the company, valued at $9,086,776.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Citigroup increased their price target on Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

Bunge Global Company 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.