Bunge Global SA (NYSE:BG) Plans Quarterly Dividend of $0.68

Bunge Global SA (NYSE:BG) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.68 per share by the basic materials company on Tuesday, March 4th. This represents a $2.72 annualized dividend and a yield of 2.58%. The ex-dividend date is Tuesday, February 18th.

Bunge Global has a dividend payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bunge Global to earn $9.43 per share next year, which means the company should continue to be able to cover its $2.65 annual dividend with an expected future payout ratio of 28.1%.

Bunge Global Trading Up 0.0 %

NYSE BG opened at $105.39 on Friday. The firm’s 50 day moving average price is $101.25 and its two-hundred day moving average price is $99.97. 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 has a twelve month low of $86.10 and a twelve month high of $116.59. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 8.49 and a beta of 0.65.

Bunge Global (NYSE:BG) last posted 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 business had revenue of $13.42 billion for the quarter, compared to analysts’ expectations of $13.96 billion. During the same period in the previous year, the company posted $3.26 EPS. Bunge Global’s revenue was down 12.5% on a year-over-year basis. Equities analysts anticipate that Bunge Global will post 9.03 EPS for the current year.

Analyst Upgrades and Downgrades

BG has been the topic of several research analyst reports. Robert W. Baird lowered their price target on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. StockNews.com cut shares of Bunge Global from a “buy” rating to a “hold” rating in a report on Monday, February 26th. The Goldman Sachs Group lowered their price target on shares of Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Roth Mkm decreased their price objective on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a report on Monday, February 5th. Finally, Barclays decreased their price objective on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and an average target price 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.