Ballentine Partners LLC Sells 368 Shares of Bunge Global SA (NYSE:BG)

Ballentine Partners LLC decreased its holdings in Bunge Global SA (NYSE:BG) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,650 shares of the basic materials company’s stock after selling 368 shares during the quarter. Ballentine Partners LLC’s holdings in Bunge Global were worth $579,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. NewSquare Capital LLC bought a new stake in Bunge Global during the fourth quarter valued at $37,000. Rise Advisors LLC boosted its position in Bunge Global by 40.6% during the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 117 shares during the last quarter. Ramirez Asset Management Inc. bought a new stake in Bunge Global during the third quarter valued at $54,000. GAMMA Investing LLC bought a new stake in Bunge Global during the fourth quarter valued at $62,000. Finally, Mather Group LLC. bought a new stake in Bunge Global during the first quarter valued at $76,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 0.9 %

Shares of BG traded up $0.95 on Monday, reaching $106.82. The company’s stock had a trading volume of 107,499 shares, compared to its average volume of 1,612,852. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. Bunge Global SA has a twelve month low of $86.10 and a twelve month high of $116.59. The stock has a market capitalization of $15.13 billion, a PE ratio of 8.52 and a beta of 0.67. The firm has a fifty day moving average of $104.51 and a 200-day moving average of $99.53.

Bunge Global (NYSE:BG) last posted its earnings results 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. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The company had revenue of $13.42 billion for 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 firm’s revenue 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 Dividend Announcement

The firm 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 $0.68 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.55%. Bunge Global’s dividend payout ratio is presently 21.90%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BG. 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 research report on Thursday, April 25th. StockNews.com cut shares of Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $121.00.

Insider Buying and Selling

In other Bunge Global news, insider Christos Dimopoulos sold 20,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 87,999 shares in the company, valued at approximately $9,086,776.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.60% of the stock is currently owned by company 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.