Capital World Investors boosted its holdings in shares of Bunge Global SA (NYSE:BG – Free Report) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,602,320 shares of the basic materials company’s stock after buying an additional 402,320 shares during the period. Capital World Investors owned approximately 8.59% of Bunge Global worth $1,478,960,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of BG. Foster Dykema Cabot & Partners LLC acquired a new position in Bunge Global during the third quarter worth $25,000. Quest 10 Wealth Builders Inc. acquired a new position in Bunge Global during the fourth quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new position in Bunge Global during the second quarter worth $31,000. MUFG Securities EMEA plc acquired a new position in Bunge Global during the second quarter worth $32,000. Finally, Stance Capital LLC acquired a new position in Bunge Global during the third quarter worth $34,000. Institutional investors and hedge funds own 86.23% of the company’s stock.
Bunge Global Stock Performance
NYSE BG opened at $126.70 on Friday. Bunge Global SA has a 1 year low of $71.60 and a 1 year high of $134.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. The firm has a market cap of $24.58 billion, a price-to-earnings ratio of 29.53 and a beta of 0.62. The company has a fifty day moving average price of $125.09 and a 200-day moving average price of $113.32.
Bunge Global Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th will be paid a $0.72 dividend. The ex-dividend date is Tuesday, February 16th. This represents a $2.88 annualized dividend and a dividend yield of 2.3%. Bunge Global’s dividend payout ratio is presently 67.13%.
Wall Street Analyst Weigh In
BG has been the topic of several research reports. Zacks Research upgraded shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. HSBC upped their price objective on shares of Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Barclays upped their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. Finally, BMO Capital Markets upped their price objective on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.
Read Our Latest Stock 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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