Lmcg Investments LLC Trims Position in Bunge Global SA (NYSE:BG)

Lmcg Investments LLC decreased its position in shares of Bunge Global SA (NYSE:BGFree Report) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 122,596 shares of the basic materials company’s stock after selling 764 shares during the period. Lmcg Investments LLC’s holdings in Bunge Global were worth $12,376,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BG. Raymond James & Associates grew its position in shares of Bunge Global by 4.4% during the third quarter. Raymond James & Associates now owns 45,228 shares of the basic materials company’s stock valued at $4,896,000 after purchasing an additional 1,923 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Bunge Global by 1.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,721 shares of the basic materials company’s stock valued at $3,434,000 after buying an additional 523 shares in the last quarter. Advisor Partners II LLC bought a new position in shares of Bunge Global during the 3rd quarter valued at approximately $238,000. Park Avenue Securities LLC purchased a new position in shares of Bunge Global in the third quarter valued at $640,000. Finally, Assetmark Inc. increased its position in Bunge Global by 21.8% in the third quarter. Assetmark Inc. now owns 12,370 shares of the basic materials company’s stock worth $1,339,000 after purchasing an additional 2,216 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Down 1.6 %

Shares of BG traded down $1.70 during trading hours on Wednesday, reaching $101.74. 1,570,061 shares of the company traded hands, compared to its average volume of 1,698,100. The stock’s fifty day moving average price is $102.10 and its 200 day moving average price is $99.97. 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 firm has a market cap of $14.41 billion, a price-to-earnings ratio of 8.33 and a beta of 0.65. Bunge Global SA has a 12-month low of $86.10 and a 12-month high of $116.59.

Bunge Global (NYSE:BGGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.49. The company had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.96 billion. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.26 EPS. Sell-side analysts forecast that Bunge Global SA will post 9.28 earnings per share for the current year.

Bunge Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, May 17th. This represents a $2.72 annualized dividend and a yield of 2.67%. Bunge Global’s payout ratio is currently 21.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Robert W. Baird reduced their target price on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. The Goldman Sachs Group lowered their price objective on Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. StockNews.com downgraded Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. HSBC upgraded Bunge Global from a “hold” rating to a “buy” rating and decreased their price target for the company from $122.00 to $105.00 in a report on Friday, February 9th. Finally, Barclays cut their price objective on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.00.

Read Our Latest Analysis on BG

Bunge Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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