Bunge Global SA (NYSE:BG – Get Free Report) insider Christos Dimopoulos sold 20,000 shares of the business’s stock in a transaction dated 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 directly owns 87,999 shares of the company’s stock, valued at approximately $9,086,776.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Bunge Global Price Performance
Shares of NYSE:BG traded down $0.76 during trading on Thursday, reaching $102.37. The company had a trading volume of 1,417,425 shares, compared to its average volume of 1,654,020. The firm’s fifty day moving average is $103.28 and its 200 day moving average is $99.89. The firm has a market capitalization of $14.50 billion, a PE ratio of 8.39 and a beta of 0.65. Bunge Global SA has a twelve month low of $86.10 and a twelve month 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.
Bunge Global (NYSE:BG – Get Free Report) last released its 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 net margin of 3.22% and a return on equity of 17.49%. The business had revenue of $13.42 billion during the quarter, compared to analyst estimates of $13.96 billion. During the same period in the prior year, the business earned $3.26 earnings per share. The business’s quarterly revenue was down 12.5% on a year-over-year basis. On average, equities analysts forecast that Bunge Global SA will post 9.28 EPS for the current year.
Bunge Global Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.66%. The ex-dividend date is Tuesday, February 18th. Bunge Global’s dividend payout ratio is presently 21.90%.
Analyst Ratings Changes
Several research firms have recently weighed in on BG. The Goldman Sachs Group dropped their target price on shares of Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a research report on Tuesday, February 13th. Roth Mkm lowered their price objective on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, February 5th. BMO Capital Markets lowered their price objective on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. HSBC raised shares of Bunge Global from a “hold” rating to a “buy” rating and lowered their price objective for the company from $122.00 to $105.00 in a research report on Friday, February 9th. Finally, StockNews.com downgraded shares of Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $121.00.
Institutional Trading of Bunge Global
Several institutional investors and hedge funds have recently added to or reduced their stakes in BG. Norges Bank acquired a new stake in Bunge Global during the fourth quarter valued at approximately $128,092,000. LSV Asset Management lifted its position in shares of Bunge Global by 86.8% in the 4th quarter. LSV Asset Management now owns 1,430,760 shares of the basic materials company’s stock valued at $144,435,000 after acquiring an additional 664,632 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Bunge Global by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 18,954,832 shares of the basic materials company’s stock valued at $1,913,490,000 after acquiring an additional 578,065 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Bunge Global in the 3rd quarter valued at approximately $30,032,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Bunge Global in the 1st quarter valued at approximately $26,817,000. 86.23% of the stock is owned by institutional investors and hedge funds.
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.