Los Angeles Capital Management LLC acquired a new stake in Bunge Global SA (NYSE:BG – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 94,676 shares of the basic materials company’s stock, valued at approximately $9,007,000.
Other hedge funds also recently bought and sold shares of the company. Quest 10 Wealth Builders Inc. bought a new position in Bunge Global in the 4th quarter valued at $27,000. Foster Dykema Cabot & Partners LLC bought a new position in Bunge Global in the 3rd quarter valued at $25,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Bunge Global in the 2nd quarter worth $31,000. MUFG Securities EMEA plc bought a new position in shares of Bunge Global during the 2nd quarter worth $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Bunge Global during the 4th quarter worth $35,000. Institutional investors own 86.23% of the company’s stock.
Bunge Global Stock Performance
Shares of Bunge Global stock opened at $125.47 on Tuesday. The company has a market capitalization of $24.34 billion, a PE ratio of 29.25 and a beta of 0.62. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. The company has a 50-day simple moving average of $125.09 and a two-hundred day simple moving average of $113.66. Bunge Global SA has a one year low of $71.60 and a one year high of $134.87.
Bunge Global Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 16th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, February 16th. Bunge Global’s dividend payout ratio (DPR) is 67.13%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their price target on Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 11th. JPMorgan Chase & Co. increased their price target on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. BMO Capital Markets increased their price target on Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.67.
Check Out Our Latest Analysis on Bunge Global
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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