National Pension Service Has $4.39 Million Stake in Bunge Global SA (NYSE:BG)

National Pension Service raised its position in Bunge Global SA (NYSE:BG) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,479 shares of the basic materials company’s stock after acquiring an additional 225 shares during the quarter. National Pension Service’s holdings in Bunge Global were worth $4,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BG. AustralianSuper Pty Ltd acquired a new stake in Bunge Global in the 1st quarter valued at about $92,552,000. Voloridge Investment Management LLC lifted its position in shares of Bunge Global by 443.2% in the fourth quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company’s stock valued at $94,503,000 after buying an additional 991,607 shares during the last quarter. Man Group plc bought a new position in shares of Bunge Global during the 4th quarter worth approximately $50,561,000. Nuveen LLC bought a new position in shares of Bunge Global during the 1st quarter worth approximately $40,963,000. Finally, Deutsche Bank AG increased its holdings in shares of Bunge Global by 33.7% during the 4th quarter. Deutsche Bank AG now owns 1,261,979 shares of the basic materials company’s stock worth $98,131,000 after acquiring an additional 317,902 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on BG shares. Stephens reduced their target price 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. Morgan Stanley set a $83.00 target price on Bunge Global and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.40.

Bunge Global Stock Down 0.4%

NYSE BG opened at $81.77 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 5.05 and a beta of 0.67. The company has a 50 day moving average of $79.39 and a 200-day moving average of $76.91. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $101.81.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.12. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%. The firm had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the prior year, the company posted $1.73 EPS. The company’s revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be paid a $0.70 dividend. This represents a yield of 342.0%. The ex-dividend date of this dividend is Tuesday, August 19th. Bunge Global’s dividend payout ratio (DPR) is 27.97%.

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.