2,065 Shares in Bunge Global SA (NYSE:BG) Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC bought a new position in shares of Bunge Global SA (NYSE:BGFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,065 shares of the basic materials company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Loomis Sayles & Co. L P boosted its position in Bunge Global by 169.8% during the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 146 shares in the last quarter. NewSquare Capital LLC purchased a new position in Bunge Global during the fourth quarter worth approximately $37,000. Rise Advisors LLC boosted its position in Bunge Global by 40.6% during the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 117 shares in the last quarter. Ramirez Asset Management Inc. purchased a new position in Bunge Global during the third quarter worth approximately $54,000. Finally, GAMMA Investing LLC purchased a new position in Bunge Global during the fourth quarter worth approximately $62,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Price Performance

NYSE:BG opened at $104.16 on Friday. Bunge Global SA has a one year low of $86.10 and a one year 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. The stock has a market cap of $14.75 billion, a PE ratio of 8.39 and a beta of 0.67. The stock has a 50 day moving average price of $104.74 and a 200 day moving average price of $99.95.

Bunge Global (NYSE:BGGet Free Report) 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 return on equity of 17.49% and a net margin of 3.22%. The firm had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.96 billion. During the same quarter last year, the firm earned $3.26 earnings per share. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities research analysts expect that Bunge Global SA will post 9.28 EPS for the current fiscal year.

Bunge Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.72 annualized dividend and a yield of 2.61%. Bunge Global’s dividend payout ratio (DPR) is 21.90%.

Analysts Set New Price Targets

BG has been the topic of a number of recent analyst reports. StockNews.com downgraded Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. HSBC upgraded Bunge Global from a “hold” rating to a “buy” rating and decreased their target price for the company from $122.00 to $105.00 in a research report on Friday, February 9th. The Goldman Sachs Group decreased their target price on Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a research report on Tuesday, February 13th. Finally, Citigroup raised their target price on Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

View Our Latest Research Report on BG

Insiders Place Their Bets

In other Bunge Global news, insider Christos Dimopoulos sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $103.26, for a total transaction of $2,065,200.00. Following the completion of the sale, the insider now owns 87,999 shares of the company’s stock, valued at $9,086,776.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Bunge Global Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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