Bunge Global SA (NYSE:BG) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning decreased its stake in Bunge Global SA (NYSE:BG) by 33.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,252 shares of the basic materials company’s stock after selling 1,620 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Bunge Global were worth $333,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. NewSquare Capital LLC acquired a new stake in shares of Bunge Global in the fourth quarter valued at about $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 worth $41,000 after acquiring an additional 117 shares during the last quarter. Riverview Trust Co acquired a new position in Bunge Global during the first quarter worth about $46,000. Ramirez Asset Management Inc. acquired a new position in Bunge Global during the third quarter worth about $54,000. Finally, GAMMA Investing LLC acquired a new position in Bunge Global during the fourth quarter worth about $62,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup boosted their price target on shares of Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

Insiders Place Their Bets

In other news, insider Christos Dimopoulos sold 20,000 shares of the business’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 sale, the insider now directly owns 87,999 shares of the company’s stock, valued at approximately $9,086,776.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Bunge Global Price Performance

Shares of BG stock opened at $109.39 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.10. The firm’s 50-day moving average is $104.70 and its two-hundred day moving average is $99.74. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59. The company has a market capitalization of $15.49 billion, a PE ratio of 8.81 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 EPS 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 the consensus estimate of $13.96 billion. During the same period in the previous year, the firm earned $3.26 earnings per share. Bunge Global’s quarterly revenue was down 12.5% compared to the same quarter last year. Analysts predict that Bunge Global SA will post 9.28 earnings per share for the current year.

Bunge Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, February 18th. Bunge Global’s dividend payout ratio (DPR) is presently 21.90%.

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.