Bunge Global SA (NYSE:BG) Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its holdings in shares of Bunge Global SA (NYSE:BG) by 21.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,410 shares of the basic materials company’s stock after purchasing an additional 15,007 shares during the quarter. Mediolanum International Funds Ltd owned 0.06% of Bunge Global worth $6,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in Bunge Global by 9.5% in the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company’s stock valued at $18,815,000 after buying an additional 20,942 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Bunge Global by 152.1% in the 1st quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company’s stock worth $250,000 after acquiring an additional 1,976 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Bunge Global in the 1st quarter valued at approximately $9,180,000. Colrain Capital LLC acquired a new stake in shares of Bunge Global during the 4th quarter valued at approximately $2,799,000. Finally, Siemens Fonds Invest GmbH acquired a new stake in shares of Bunge Global during the 4th quarter valued at approximately $1,596,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Shares of BG opened at $77.27 on Monday. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.04 and a quick ratio of 1.12. The stock has a fifty day moving average price of $78.48 and a 200 day moving average price of $76.72. The company has a market cap of $10.38 billion, a P/E ratio of 9.81, a PEG ratio of 3.83 and a beta of 0.67.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.54. The company had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $13.18 billion. Bunge Global had a net margin of 2.13% and a return on equity of 9.98%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.04 earnings per share. On average, research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 annualized dividend and a dividend yield of 3.62%. Bunge Global’s payout ratio is currently 35.53%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BG shares. Stephens decreased their price objective on shares of Bunge Global from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Citigroup raised their price target on shares of Bunge Global from $76.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Bunge Global has an average rating of “Hold” and an average target price of $81.60.

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.