Lmcg Investments LLC Buys 1,046 Shares of Bunge Global SA (NYSE:BG)

Lmcg Investments LLC increased its holdings in Bunge Global SA (NYSE:BG) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,002 shares of the basic materials company’s stock after acquiring an additional 1,046 shares during the quarter. Lmcg Investments LLC’s holdings in Bunge Global were worth $9,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Bunge Global by 3.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 170 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of Bunge Global by 25.4% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 178 shares in the last quarter. DoubleLine ETF Adviser LP increased its stake in shares of Bunge Global by 2.4% in the 4th quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company’s stock worth $615,000 after acquiring an additional 183 shares in the last quarter. Allworth Financial LP increased its stake in shares of Bunge Global by 32.3% in the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 194 shares in the last quarter. Finally, Abbot Financial Management Inc. increased its stake in Bunge Global by 0.9% during the 4th quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company’s stock valued at $1,786,000 after purchasing an additional 205 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BG has been the subject of a number of analyst reports. Stephens reduced their price objective on shares of Bunge Global from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. Citigroup raised their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Bank of America reduced their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Barclays reduced their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Morgan Stanley reduced their price objective on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $81.60.

Bunge Global Stock Performance

Shares of BG stock opened at $74.71 on Thursday. The company has a 50 day moving average price of $77.80 and a 200-day moving average price of $77.94. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The firm has a market capitalization of $10.04 billion, a PE ratio of 9.25, a P/E/G ratio of 2.66 and a beta of 0.68. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The firm had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. During the same period in the previous year, the business posted $3.04 earnings per share. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. As a group, equities research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.75%. Bunge Global’s dividend payout ratio is presently 35.53%.

Bunge Global 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.