Public Employees Retirement System of Ohio Has $8.28 Million Position in Bunge Global SA (NYSE:BG)

Public Employees Retirement System of Ohio boosted its position in shares of Bunge Global SA (NYSE:BG) by 27.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,754 shares of the basic materials company’s stock after purchasing an additional 17,638 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Bunge Global worth $8,279,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BG. NewSquare Capital LLC acquired a new position in Bunge Global during the fourth quarter valued at approximately $37,000. Riverview Trust Co acquired a new position in shares of Bunge Global in the first quarter valued at approximately $46,000. GAMMA Investing LLC acquired a new position in shares of Bunge Global in the fourth quarter valued at approximately $62,000. Rise Advisors LLC boosted its holdings in shares of Bunge Global by 56.8% in the first quarter. Rise Advisors LLC now owns 635 shares of the basic materials company’s stock valued at $65,000 after buying an additional 230 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of Bunge Global in the first quarter valued at approximately $76,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Down 0.8 %

BG traded down $0.88 during trading hours on Tuesday, hitting $112.69. 61,524 shares of the company’s stock were exchanged, compared to its average volume of 1,520,110. Bunge Global SA has a 1-year low of $86.10 and a 1-year high of $116.59. The stock’s 50-day moving average is $107.59 and its two-hundred day moving average is $101.13. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 9.14 and a beta of 0.67. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.35.

Bunge Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, February 18th. Bunge Global’s dividend payout ratio (DPR) is currently 21.90%.

Insiders Place Their Bets

In other Bunge Global news, insider Christos Dimopoulos sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $103.26, for a total transaction of $2,065,200.00. Following the sale, the insider now directly owns 87,999 shares of the company’s stock, valued at $9,086,776.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup upped their price target on shares of Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $121.00.

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.