LVW Advisors LLC Acquires Shares of 2,040 Bunge Global SA (NYSE:BG)

LVW Advisors LLC purchased a new position in shares of Bunge Global SA (NYSE:BG) in the first quarter, HoldingsChannel.com reports. The fund purchased 2,040 shares of the basic materials company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB increased its position in Bunge Global by 69.4% during the 4th quarter. Nordea Investment Management AB now owns 75,691 shares of the basic materials company’s stock worth $7,621,000 after purchasing an additional 30,999 shares in the last quarter. Cutter & CO Brokerage Inc. increased its position in Bunge Global by 1.8% in the 4th 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. increased its position in Bunge Global by 5.7% in the 4th 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. SG Americas Securities LLC increased its position in Bunge Global by 423.6% in the 4th quarter. SG Americas Securities LLC now owns 52,247 shares of the basic materials company’s stock valued at $5,274,000 after acquiring an additional 42,268 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in Bunge Global in the 3rd quarter valued at approximately $2,706,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Down 0.8 %

BG opened at $106.77 on Monday. Bunge Global SA has a twelve month low of $86.10 and a twelve month 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. The company has a fifty day moving average of $104.66 and a 200-day moving average of $99.62. The stock has a market cap of $15.12 billion, a PE ratio of 8.60 and a beta of 0.67.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.49. The business had revenue of $13.42 billion for the quarter, compared to analyst estimates of $13.96 billion. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. Bunge Global’s revenue was down 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.26 earnings per share. On average, sell-side analysts predict that Bunge Global SA will post 9.28 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 paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, February 18th. Bunge Global’s dividend payout ratio is presently 21.90%.

Insider Buying and Selling at Bunge Global

In other Bunge Global news, insider Christos Dimopoulos sold 20,000 shares of the firm’s stock in a transaction 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 directly owns 87,999 shares of the company’s stock, valued at $9,086,776.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, 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. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.00.

About Bunge Global

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.