Bunge Global SA (NYSE:BG) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd trimmed its stake in shares of Bunge Global SA (NYSE:BGFree Report) by 60.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,062 shares of the basic materials company’s stock after selling 39,601 shares during the quarter. Quadrature Capital Ltd’s holdings in Bunge Global were worth $2,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BG. Norges Bank acquired a new stake in Bunge Global in the 4th quarter valued at approximately $128,092,000. LSV Asset Management increased its position in Bunge Global by 86.8% in the 4th 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 period. Vanguard Group Inc. increased its position in Bunge Global by 3.1% in the 4th 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 period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Bunge Global in the 3rd quarter valued at approximately $30,032,000. Finally, Royal Bank of Canada increased its position in Bunge Global by 55.8% in the 3rd 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 period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Christos Dimopoulos sold 20,000 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 87,999 shares in the company, valued at $9,086,776.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Bunge Global Stock Performance

BG opened at $102.98 on Tuesday. The business has a fifty day simple moving average of $104.72 and a 200-day simple moving average of $99.62. The firm has a market cap of $14.58 billion, a PE ratio of 8.29 and a beta of 0.67. Bunge Global SA has a fifty-two week low of $86.10 and a fifty-two week high of $116.59. 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 (NYSE:BGGet Free Report) last released its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.49. The company had revenue of $13.42 billion during the quarter, compared to analyst estimates of $13.96 billion. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 earnings per share. As a group, equities analysts predict that Bunge Global SA will post 9.28 EPS for the current fiscal year.

Bunge Global Announces Dividend

The company also recently disclosed 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 of this dividend is Tuesday, February 18th. This represents a $2.72 annualized dividend and a dividend yield of 2.64%. Bunge Global’s dividend payout ratio is 21.90%.

Analyst Ratings Changes

A number of brokerages have issued reports on BG. Citigroup increased their price target on Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. StockNews.com lowered Bunge Global from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $121.00.

View Our Latest Analysis on BG

Bunge Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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