Vanguard Group Inc. grew its position in Bunge Global SA (NYSE:BG – Free Report) by 4.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,570,009 shares of the basic materials company’s stock after buying an additional 777,805 shares during the quarter. Vanguard Group Inc. owned 9.09% of Bunge Global worth $1,565,136,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Bunge Global in the 3rd quarter valued at approximately $25,000. CoreCap Advisors LLC raised its position in shares of Bunge Global by 2,000.0% in the 3rd quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock valued at $26,000 after buying an additional 300 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Bunge Global in the 3rd quarter valued at approximately $28,000. CYBER HORNET ETFs LLC acquired a new position in shares of Bunge Global in the 2nd quarter valued at approximately $31,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Bunge Global in the 2nd quarter valued at approximately $32,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.
Bunge Global Trading Up 0.7%
Shares of Bunge Global stock opened at $127.23 on Friday. The firm has a market capitalization of $24.66 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 0.72 and a beta of 0.71. The company has a current ratio of 1.60, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $123.32 and its 200 day moving average is $108.16. Bunge Global SA has a 1 year low of $71.60 and a 1 year high of $131.93.
Bunge Global Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 16th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, February 16th. Bunge Global’s payout ratio is presently 67.13%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Barclays boosted their target price on shares of Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings lowered shares of Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Stephens reaffirmed an “overweight” rating and set a $130.00 price target on shares of Bunge Global in a report on Thursday, February 5th. Finally, UBS Group reaffirmed a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. One 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 stock. According to data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average price target of $132.67.
View Our Latest Research Report on BG
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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