452 Shares in Bunge Global SA (NYSE:BG) Bought by Versant Capital Management Inc

Versant Capital Management Inc acquired a new position in shares of Bunge Global SA (NYSE:BG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 452 shares of the basic materials company’s stock, valued at approximately $48,000.

A number of other institutional investors have also made changes to their positions in the stock. SteelPeak Wealth LLC acquired a new position in Bunge Global in the first quarter valued at about $2,137,000. Avantax Advisory Services Inc. acquired a new position in Bunge Global in the first quarter valued at about $899,000. Cutter & CO Brokerage Inc. grew its stake in Bunge Global by 1.8% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 9,305 shares of the basic materials company’s stock valued at $939,000 after acquiring an additional 165 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Bunge Global by 5.7% in the fourth 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 acquiring an additional 10,891 shares during the period. Finally, Chevy Chase Trust Holdings LLC grew its stake in Bunge Global by 2,975.7% in the first quarter. Chevy Chase Trust Holdings LLC now owns 80,460 shares of the basic materials company’s stock valued at $8,249,000 after acquiring an additional 77,844 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Down 0.1 %

Shares of BG stock traded down $0.10 on Tuesday, hitting $95.31. 1,492,312 shares of the stock were exchanged, compared to its average volume of 1,551,091. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $13.50 billion, a P/E ratio of 7.67 and a beta of 0.67. The business has a 50-day moving average of $107.60 and a 200 day moving average of $101.44. Bunge Global SA has a fifty-two week low of $86.10 and a fifty-two week high of $116.59.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.06). Bunge Global had a return on equity of 14.84% and a net margin of 2.33%. The company had revenue of $13.24 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter in the previous year, the company posted $3.72 EPS. The business’s revenue was down 12.0% on a year-over-year basis. Equities analysts anticipate that Bunge Global SA will post 9.4 EPS for the current year.

Bunge Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.72 annualized dividend and a yield of 2.85%. Bunge Global’s payout ratio is presently 21.90%.

Analysts Set New Price Targets

Separately, Citigroup cut Bunge Global from a “buy” rating to a “neutral” rating and decreased their target price for the company from $125.00 to $114.00 in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.11.

Insider Buying and Selling

In related news, insider Christos Dimopoulos sold 20,000 shares of the company’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 sale, the insider now owns 87,999 shares in the company, valued at $9,086,776.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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.