Watts Gwilliam & Co. LLC Sells 460 Shares of Bunge Global SA $BG

Watts Gwilliam & Co. LLC reduced its holdings in shares of Bunge Global SA (NYSE:BG) by 13.2% during the first quarter, HoldingsChannel reports. The firm owned 3,028 shares of the basic materials company’s stock after selling 460 shares during the period. Watts Gwilliam & Co. LLC’s holdings in Bunge Global were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Bunge Global by 34.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock valued at $255,756,000 after buying an additional 859,733 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Bunge Global by 3.8% in the first quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company’s stock worth $254,446,000 after acquiring an additional 122,931 shares during the period. Northern Trust Corp grew its holdings in shares of Bunge Global by 5.0% in the fourth quarter. Northern Trust Corp now owns 2,368,399 shares of the basic materials company’s stock worth $184,167,000 after acquiring an additional 112,333 shares during the period. Charles Schwab Investment Management Inc. increased its position in Bunge Global by 6.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company’s stock valued at $122,552,000 after acquiring an additional 101,586 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Bunge Global by 33.7% in the fourth quarter. Deutsche Bank AG now owns 1,261,979 shares of the basic materials company’s stock valued at $98,131,000 after acquiring an additional 317,902 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Shares of Bunge Global stock opened at $80.60 on Tuesday. The stock has a market cap of $16.12 billion, a P/E ratio of 8.05, a P/E/G ratio of 5.05 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. The stock’s fifty day moving average is $79.51 and its 200 day moving average is $76.93. Bunge Global SA has a one year low of $67.40 and a one year high of $101.81.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping 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 business had revenue of $12.77 billion during the quarter, compared to analysts’ expectations of $12.57 billion. During the same quarter in the prior year, the business posted $1.73 earnings per share. The business’s quarterly revenue was down 3.6% on a year-over-year basis. Sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stephens dropped their target price on Bunge Global from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Morgan Stanley set a $83.00 price objective on shares of Bunge Global and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $83.40.

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.