Integrated Advisors Network LLC Buys 185 Shares of Bunge Global SA (NYSE:BG)

Integrated Advisors Network LLC increased its stake in shares of Bunge Global SA (NYSE:BG) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,651 shares of the basic materials company’s stock after acquiring an additional 185 shares during the quarter. Integrated Advisors Network LLC’s holdings in Bunge Global were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. NewSquare Capital LLC bought a new position in shares of Bunge Global during the fourth quarter valued at about $37,000. Rise Advisors LLC raised its position in Bunge Global by 40.6% during the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 117 shares during the last quarter. Ramirez Asset Management Inc. purchased a new stake in Bunge Global in the 3rd quarter worth approximately $54,000. GAMMA Investing LLC bought a new stake in shares of Bunge Global in the 4th quarter worth approximately $62,000. Finally, Allworth Financial LP increased its stake in shares of Bunge Global by 56.5% during the fourth quarter. Allworth Financial LP now owns 1,033 shares of the basic materials company’s stock valued at $104,000 after buying an additional 373 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bunge Global

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com lowered Bunge Global from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Citigroup lifted their target price on shares of Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Bunge Global Price Performance

Shares of NYSE BG opened at $102.44 on Thursday. The company has a 50 day simple moving average of $104.52 and a two-hundred day simple moving average of $99.59. 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 market capitalization of $14.51 billion, a price-to-earnings ratio of 8.25 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 (NYSE:BG) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.49. The company had revenue of $13.42 billion for the quarter, compared to the consensus estimate of $13.96 billion. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.26 EPS. Analysts expect that Bunge Global SA will post 9.28 EPS for the current fiscal year.

Bunge Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Tuesday, February 18th. Bunge Global’s payout ratio is 21.90%.

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.