Czech National Bank Acquires 116 Shares of Bunge Global SA (NYSE:BG)

Czech National Bank boosted its holdings in Bunge Global SA (NYSE:BG) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,563 shares of the basic materials company’s stock after purchasing an additional 116 shares during the period. Czech National Bank’s holdings in Bunge Global were worth $2,621,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BG. Norges Bank bought a new position in shares of Bunge Global during the fourth quarter valued at about $128,092,000. LSV Asset Management raised its stake in shares of Bunge Global by 86.8% during the fourth 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 during the last quarter. Vanguard Group Inc. raised its stake in shares of Bunge Global by 3.1% during the fourth 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 during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Bunge Global during the third quarter valued at about $30,032,000. Finally, Royal Bank of Canada raised its stake in shares of Bunge Global by 55.8% during the third quarter. Royal Bank of Canada now owns 613,412 shares of the basic materials company’s stock valued at $66,402,000 after acquiring an additional 219,819 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BG shares. StockNews.com cut shares of Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Citigroup boosted their price target on shares of Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Insiders Place Their Bets

In other news, insider Christos Dimopoulos sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $103.26, for a total value of $2,065,200.00. Following the transaction, the insider now owns 87,999 shares in the company, valued at $9,086,776.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Bunge Global Price Performance

Shares of BG opened at $105.87 on Friday. The stock has a market cap of $14.99 billion, a PE ratio of 8.52 and a beta of 0.67. 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 SA has a fifty-two week low of $86.10 and a fifty-two week high of $116.59. The firm’s 50-day simple moving average is $104.51 and its two-hundred day simple moving average is $99.56.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.49. The business had revenue of $13.42 billion for 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 business’s revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.26 earnings per share. Analysts anticipate that Bunge Global SA will post 9.28 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, February 18th. Bunge Global’s dividend payout ratio (DPR) is presently 21.90%.

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.