Bunge Global SA (NYSE:BG) Position Reduced by Capital International Inc. CA

Capital International Inc. CA reduced its position in Bunge Global SA (NYSE:BG) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,489 shares of the basic materials company’s stock after selling 4,941 shares during the period. Capital International Inc. CA owned about 0.07% of Bunge Global worth $9,482,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BG. Wellington Management Group LLP increased its holdings in Bunge Global by 207.4% in the third quarter. Wellington Management Group LLP now owns 22,373 shares of the basic materials company’s stock worth $2,422,000 after buying an additional 15,095 shares during the last quarter. Mutual Advisors LLC boosted its holdings in Bunge Global by 14.0% in the fourth quarter. Mutual Advisors LLC now owns 6,579 shares of the basic materials company’s stock worth $664,000 after purchasing an additional 810 shares in the last quarter. Cooper Financial Group acquired a new position in Bunge Global during the fourth quarter worth $205,000. CoreCap Advisors LLC raised its holdings in Bunge Global by 9.0% during the fourth quarter. CoreCap Advisors LLC now owns 3,147 shares of the basic materials company’s stock valued at $318,000 after buying an additional 260 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Bunge Global by 1.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 26,462 shares of the basic materials company’s stock worth $2,671,000 after buying an additional 457 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Insider Buying and Selling

In related news, insider Christos Dimopoulos sold 20,000 shares of Bunge Global stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $103.26, for a total transaction of $2,065,200.00. Following the completion of the transaction, the insider now directly owns 87,999 shares of the company’s stock, valued at approximately $9,086,776.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their target price on Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $121.00.

Bunge Global Stock Performance

BG stock traded up $1.42 during trading on Friday, reaching $114.37. 757,750 shares of the stock were exchanged, compared to its average volume of 1,533,683. Bunge Global SA has a twelve month low of $86.10 and a twelve month high of $116.59. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $16.19 billion, a P/E ratio of 9.21 and a beta of 0.67. The stock has a 50 day simple moving average of $107.36 and a 200-day simple moving average of $100.93.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.49. The company had revenue of $13.42 billion for the quarter, compared to analyst estimates of $13.96 billion. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. Bunge Global’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.26 EPS. As a group, sell-side analysts anticipate that Bunge Global SA will post 9.2 earnings per share for the current year.

Bunge Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, February 18th. Bunge Global’s dividend payout ratio is 21.90%.

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.