V Square Quantitative Management LLC Purchases 601 Shares of Bunge Global SA (NYSE:BG)

V Square Quantitative Management LLC increased its position in shares of Bunge Global SA (NYSE:BG) by 17.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,951 shares of the basic materials company’s stock after purchasing an additional 601 shares during the period. V Square Quantitative Management LLC’s holdings in Bunge Global were worth $405,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BG. Nordea Investment Management AB grew its holdings in Bunge Global by 69.4% during the 4th quarter. Nordea Investment Management AB now owns 75,691 shares of the basic materials company’s stock valued at $7,621,000 after buying an additional 30,999 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its stake in Bunge Global by 1.8% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 9,305 shares of the basic materials company’s stock worth $939,000 after purchasing an additional 165 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Bunge Global by 5.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,642 shares of the basic materials company’s stock valued at $20,319,000 after purchasing an additional 10,891 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Bunge Global by 423.6% during the fourth quarter. SG Americas Securities LLC now owns 52,247 shares of the basic materials company’s stock valued at $5,274,000 after purchasing an additional 42,268 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Bunge Global in the third quarter worth about $2,706,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Down 0.2 %

Shares of BG stock traded down $0.17 during mid-day trading on Wednesday, hitting $103.14. 778,217 shares of the stock traded hands, compared to its average volume of 1,656,409. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59. The stock has a market cap of $14.60 billion, a P/E ratio of 8.30 and a beta of 0.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.10. The stock’s fifty day moving average is $103.28 and its two-hundred day moving average is $99.89.

Bunge Global (NYSE:BG) last issued its quarterly earnings data 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 return on equity of 17.49% and a net margin of 3.22%. The firm had revenue of $13.42 billion during the quarter, compared to analyst estimates of $13.96 billion. During the same quarter in the prior year, the business posted $3.26 EPS. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. Equities analysts predict that Bunge Global SA will post 9.28 EPS for the current year.

Bunge Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 2.64%. Bunge Global’s dividend payout ratio is currently 21.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BG. Roth Mkm reduced their target price on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Robert W. Baird decreased their price objective on Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. The Goldman Sachs Group dropped their target price on Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. BMO Capital Markets decreased their price target on Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Finally, Citigroup lifted their price objective on shares of Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

About Bunge Global

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.