Bunge Global SA (NYSE:BG) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in Bunge Global SA (NYSE:BG) by 20.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,394 shares of the basic materials company’s stock after buying an additional 10,797 shares during the quarter. Russell Investments Group Ltd.’s holdings in Bunge Global were worth $6,304,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Loomis Sayles & Co. L P lifted its holdings in shares of Bunge Global by 169.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 146 shares during the last quarter. NewSquare Capital LLC purchased a new position in shares of Bunge Global during the fourth quarter worth $37,000. Rise Advisors LLC grew its stake in shares of Bunge Global by 40.6% in the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after buying an additional 117 shares in the last quarter. Ramirez Asset Management Inc. purchased a new stake in shares of Bunge Global in the 3rd quarter valued at $54,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in Bunge Global by 24.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of NYSE BG opened at $105.35 on Thursday. The stock’s 50-day simple moving average is $101.03 and its 200-day simple moving average is $99.93. The firm has a market capitalization of $14.92 billion, a PE ratio of 8.48 and a beta of 0.65. Bunge Global SA has a fifty-two week low of $86.10 and a fifty-two week high of $116.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.99.

Bunge Global (NYSE:BG) last announced 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. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The company had revenue of $13.42 billion for the quarter, compared to analyst estimates of $13.96 billion. During the same period in the prior year, the firm posted $3.26 earnings per share. The firm’s revenue was down 12.5% on a year-over-year basis. As a group, equities research analysts forecast that Bunge Global SA will post 9.03 EPS for the current fiscal year.

Bunge Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, February 18th. Bunge Global’s payout ratio is 21.34%.

Analyst Ratings Changes

A number of analysts have issued reports on BG shares. Roth Mkm cut their price target on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. StockNews.com cut shares of Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Barclays cut their price objective on Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 23rd. The Goldman Sachs Group decreased their target price on Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Finally, BMO Capital Markets cut their price target on Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and a consensus price target of $121.00.

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.