Bunge Global SA (NYSE:BG) Shares Bought by Amalgamated Bank

Amalgamated Bank lifted its position in shares of Bunge Global SA (NYSE:BG) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,250 shares of the basic materials company’s stock after acquiring an additional 1,403 shares during the quarter. Amalgamated Bank’s holdings in Bunge Global were worth $3,962,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Natixis Advisors L.P. lifted its holdings in Bunge Global by 126.1% in the fourth quarter. Natixis Advisors L.P. now owns 27,400 shares of the basic materials company’s stock valued at $2,766,000 after acquiring an additional 15,283 shares during the period. Victory Capital Management Inc. lifted its position in shares of Bunge Global by 11.9% during the 4th quarter. Victory Capital Management Inc. now owns 106,863 shares of the basic materials company’s stock valued at $10,788,000 after acquiring an additional 11,355 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Bunge Global by 680.0% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 2,340 shares of the basic materials company’s stock worth $218,000 after acquiring an additional 2,040 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Bunge Global by 20.9% during the fourth quarter. Russell Investments Group Ltd. now owns 62,394 shares of the basic materials company’s stock worth $6,304,000 after purchasing an additional 10,797 shares during the last quarter. Finally, Truist Financial Corp boosted its position in Bunge Global by 146.4% during the fourth quarter. Truist Financial Corp now owns 63,366 shares of the basic materials company’s stock worth $6,397,000 after purchasing an additional 37,645 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. BMO Capital Markets dropped their price target on Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Roth Mkm cut their target price on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, February 5th. HSBC upgraded shares of Bunge Global from a “hold” rating to a “buy” rating and lowered their price target for the company from $122.00 to $105.00 in a research report on Friday, February 9th. Citigroup lifted their price objective 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 lowered their target price on Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.00.

Bunge Global Price Performance

Shares of NYSE:BG opened at $105.35 on Thursday. The company has a market cap of $14.92 billion, a P/E ratio of 8.48 and a beta of 0.65. The business has a fifty day simple moving average of $101.03 and a 200-day simple moving average of $99.93. Bunge Global SA has a 52 week low of $86.10 and a 52 week high of $116.59. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.35.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, beating the consensus estimate of $2.55 by $0.49. The company had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.96 billion. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The firm’s revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.26 EPS. Equities research analysts forecast that Bunge Global SA will post 9.03 EPS for the current year.

Bunge Global Announces Dividend

The business 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 $0.68 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.58%. Bunge Global’s dividend payout ratio (DPR) is presently 21.34%.

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.