V Square Quantitative Management LLC Raises Position in Bunge Global SA (NYSE:BG)

V Square Quantitative Management LLC increased its holdings in Bunge Global SA (NYSE:BG) by 17.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,951 shares of the basic materials company’s stock after purchasing an additional 601 shares during the period. V Square Quantitative Management LLC’s holdings in Bunge Global were worth $405,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BG. Nordea Investment Management AB raised its position in Bunge Global by 69.4% in the fourth quarter. Nordea Investment Management AB now owns 75,691 shares of the basic materials company’s stock valued at $7,621,000 after purchasing an additional 30,999 shares during the period. Cutter & CO Brokerage Inc. grew its stake in shares of Bunge Global by 1.8% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 9,305 shares of the basic materials company’s stock valued at $939,000 after buying an additional 165 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Bunge Global by 5.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,642 shares of the basic materials company’s stock valued at $20,319,000 after buying an additional 10,891 shares during the period. SG Americas Securities LLC lifted its position in Bunge Global by 423.6% during the 4th quarter. SG Americas Securities LLC now owns 52,247 shares of the basic materials company’s stock worth $5,274,000 after acquiring an additional 42,268 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in Bunge Global in the 3rd quarter worth approximately $2,706,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays reduced their target price on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 23rd. BMO Capital Markets cut their price objective on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Roth Mkm lowered their target price on Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Citigroup lifted their target price on Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group reduced their price target on Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. 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 MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $121.00.

Bunge Global Stock Down 0.2 %

NYSE:BG traded down $0.17 during mid-day trading on Wednesday, reaching $103.14. The stock had a trading volume of 778,217 shares, compared to its average volume of 1,656,409. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.10. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of 8.30 and a beta of 0.65. Bunge Global SA has a 1-year low of $86.10 and a 1-year high of $116.59. The stock’s 50 day simple moving average is $103.28 and its two-hundred day simple moving average is $99.89.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, topping the consensus estimate of $2.55 by $0.49. The company 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%. The business’s revenue was down 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.26 EPS. Equities analysts anticipate that Bunge Global SA will post 9.28 EPS for the current year.

Bunge Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, May 17th. This represents a $2.72 annualized dividend and a yield of 2.64%. Bunge Global’s payout ratio is 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.