Capital International Sarl grew its holdings in Bunge Global SA (NYSE:BG – Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 186,186 shares of the basic materials company’s stock after purchasing an additional 10,599 shares during the quarter. Capital International Sarl owned approximately 0.10% of Bunge Global worth $16,585,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Quest 10 Wealth Builders Inc. bought a new stake in shares of Bunge Global in the 4th quarter valued at about $27,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Bunge Global in the 3rd quarter valued at about $25,000. CYBER HORNET ETFs LLC bought a new stake in shares of Bunge Global in the 2nd quarter valued at about $31,000. MUFG Securities EMEA plc bought a new stake in shares of Bunge Global in the 2nd quarter valued at about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Bunge Global in the 4th quarter valued at about $35,000. Institutional investors own 86.23% of the company’s stock.
Bunge Global Stock Down 2.1%
Shares of BG stock opened at $126.70 on Friday. Bunge Global SA has a 1-year low of $71.60 and a 1-year high of $134.87. The stock’s fifty day moving average price is $125.09 and its 200 day moving average price is $113.32. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. The company has a market cap of $24.58 billion, a price-to-earnings ratio of 29.53 and a beta of 0.62.
Bunge Global Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 16th will be paid a $0.72 dividend. The ex-dividend date is Tuesday, February 16th. This represents a $2.88 dividend on an annualized basis and a yield of 2.3%. Bunge Global’s dividend payout ratio (DPR) is 67.13%.
Analyst Upgrades and Downgrades
BG has been the subject of several recent research reports. Barclays boosted their price target on shares of Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. BMO Capital Markets boosted their price target on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. boosted their price target on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. Morgan Stanley boosted their price target on shares of Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, March 11th. Finally, HSBC boosted their price objective on shares of Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and an average price target of $132.67.
Get Our Latest Report on Bunge Global
Bunge Global Company Profile
Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.
The company’s core business activities are organized into agribusiness and food & ingredients segments.
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