Bunge Global SA (NYSE:BG) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise cut its stake in shares of Bunge Global SA (NYSE:BG) by 46.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 13,799 shares of the basic materials company’s stock after selling 11,943 shares during the period. Banque Cantonale Vaudoise’s holdings in Bunge Global were worth $1,302,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pinnacle Holdings LLC acquired a new stake in shares of Bunge Global in the first quarter valued at about $36,000. Spire Wealth Management raised its position in shares of Bunge Global by 242.1% in the first quarter. Spire Wealth Management now owns 431 shares of the basic materials company’s stock valued at $41,000 after buying an additional 305 shares during the last quarter. First Manhattan CO. LLC. acquired a new stake in shares of Bunge Global in the first quarter valued at about $48,000. Jefferies Financial Group Inc. acquired a new stake in shares of Bunge Global in the fourth quarter valued at about $64,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Bunge Global in the second quarter valued at about $85,000. 84.92% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Trading Up 2.1 %

NYSE BG opened at $106.25 on Wednesday. The firm has a 50 day simple moving average of $107.05 and a 200-day simple moving average of $102.84. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 2.02. Bunge Global SA has a one year low of $87.86 and a one year high of $116.59. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 8.22 and a beta of 0.65.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.50 by $0.49. Bunge Global had a net margin of 3.20% and a return on equity of 18.61%. The business had revenue of $14.23 billion during the quarter, compared to analyst estimates of $15.33 billion. During the same quarter last year, the firm posted $3.45 earnings per share. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. Equities research analysts anticipate that Bunge Global SA will post 12.83 EPS for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 16th will be paid a $0.6625 dividend. This represents a $2.65 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, February 15th. Bunge Global’s payout ratio is 20.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BG. StockNews.com began coverage on shares of Bunge Global in a research report on Wednesday, November 8th. They issued a “buy” rating for the company. Morgan Stanley upped their price objective on shares of Bunge Global from $105.00 to $114.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. UBS Group upped their price objective on shares of Bunge Global from $133.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 7th. BMO Capital Markets upped their price objective on shares of Bunge Global from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Finally, Barclays upped their price objective on shares of Bunge Global from $121.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $127.14.

Bunge Global Company Profile

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.