Capital International Inc. CA lifted its stake in shares of Bunge Global SA (NYSE:BG – Free Report) by 42.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 132,426 shares of the basic materials company’s stock after buying an additional 39,711 shares during the period. Capital International Inc. CA’s holdings in Bunge Global were worth $11,797,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Bunge Global during the third quarter worth approximately $25,000. Quest 10 Wealth Builders Inc. acquired a new position in shares of Bunge Global during the fourth quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of Bunge Global during the second quarter worth approximately $31,000. MUFG Securities EMEA plc acquired a new position in shares of Bunge Global during the second quarter worth approximately $32,000. Finally, Stance Capital LLC acquired a new position in Bunge Global in the third quarter valued at approximately $34,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.
Bunge Global Stock Up 0.2%
Shares of NYSE:BG opened at $126.70 on Monday. Bunge Global SA has a 52 week low of $71.60 and a 52 week high of $134.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. The company has a market capitalization of $24.58 billion, a PE ratio of 29.53 and a beta of 0.62. The company has a 50 day moving average price of $125.09 and a two-hundred day moving average price of $113.46.
Bunge Global Dividend Announcement
The company also recently announced 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. This represents a $2.88 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, February 16th. Bunge Global’s dividend payout ratio is presently 67.13%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on BG shares. UBS Group restated a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. JPMorgan Chase & Co. increased their price objective 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 increased their price objective 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. Barclays increased their price objective 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $132.67.
View Our Latest Analysis on Bunge Global
About Bunge Global
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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