apricus wealth LLC Purchases 30,125 Shares of Bunge Global SA (NYSE:BG)

apricus wealth LLC increased its position in shares of Bunge Global SA (NYSE:BG) by 150.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,162 shares of the basic materials company’s stock after acquiring an additional 30,125 shares during the period. Bunge Global comprises about 2.3% of apricus wealth LLC’s portfolio, making the stock its 5th biggest position. apricus wealth LLC’s holdings in Bunge Global were worth $3,833,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Bunge Global by 9.5% during the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company’s stock worth $18,815,000 after purchasing an additional 20,942 shares during the period. Vontobel Holding Ltd. raised its position in Bunge Global by 39.6% during the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock worth $1,665,000 after purchasing an additional 6,077 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Bunge Global during the 4th quarter worth about $2,253,000. Colrain Capital LLC bought a new stake in shares of Bunge Global in the 4th quarter valued at about $2,799,000. Finally, Allworth Financial LP increased its stake in shares of Bunge Global by 32.3% in the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock valued at $62,000 after buying an additional 194 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stephens cut their price objective on Bunge Global from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Citigroup raised their price target on shares of Bunge Global from $76.00 to $77.00 and gave the stock a “neutral” rating in a report on Tuesday, April 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Bunge Global presently has a consensus rating of “Hold” and an average price target of $81.60.

Bunge Global Stock Down 0.8%

Shares of NYSE:BG opened at $75.41 on Thursday. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The business’s 50-day moving average is $77.61 and its 200-day moving average is $77.46. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 9.33, a P/E/G ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.54. The firm had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The company’s revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.04 earnings per share. Equities research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Tuesday, February 17th. Bunge Global’s dividend payout ratio (DPR) is currently 35.53%.

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.