Stock Traders Buy High Volume of Bunge Global Call Options (NYSE:BG)

Bunge Global SA (NYSE:BG) saw some unusual options trading activity on Thursday. Stock investors purchased 3,403 call options on the stock. This is an increase of 133% compared to the typical daily volume of 1,458 call options.

Institutional Investors Weigh In On Bunge Global

Several institutional investors have recently bought and sold shares of BG. SBI Securities Co. Ltd. lifted its position in Bunge Global by 12.2% during the first quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company’s stock valued at $95,000 after purchasing an additional 135 shares during the period. Allworth Financial LP lifted its position in Bunge Global by 18.4% during the first quarter. Allworth Financial LP now owns 940 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 146 shares during the period. Public Sector Pension Investment Board lifted its position in Bunge Global by 0.9% during the first quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company’s stock valued at $1,321,000 after purchasing an additional 149 shares during the period. Moors & Cabot Inc. lifted its position in Bunge Global by 2.1% during the first quarter. Moors & Cabot Inc. now owns 7,690 shares of the basic materials company’s stock valued at $588,000 after purchasing an additional 158 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in Bunge Global by 3.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 170 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Stephens cut their price objective on shares of Bunge Global from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Citigroup lifted their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $81.60.

Bunge Global Price Performance

Shares of BG opened at $81.32 on Friday. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. Bunge Global has a twelve month low of $67.40 and a twelve month high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $77.96 and a two-hundred day moving average of $77.32.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.54. The company had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $13.18 billion. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Bunge Global’s revenue was down 13.2% compared to the same quarter last year. During the same period last year, the firm earned $3.04 earnings per share. As a group, analysts predict that Bunge Global will post 7.94 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 annualized dividend and a yield of 3.44%. Bunge Global’s dividend payout ratio (DPR) is 35.53%.

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.