Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 14,500 Shares of Bunge Global SA $BG

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in Bunge Global SA (NYSE:BG) by 40.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 21,454 shares of the basic materials company’s stock after selling 14,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Bunge Global were worth $1,640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BG. Raymond James Financial Inc. bought a new position in shares of Bunge Global in the 4th quarter valued at $1,994,000. Townsquare Capital LLC acquired a new position in shares of Bunge Global in the 4th quarter valued at about $204,000. First Trust Advisors LP lifted its stake in shares of Bunge Global by 24.5% in the 4th quarter. First Trust Advisors LP now owns 502,870 shares of the basic materials company’s stock valued at $39,103,000 after purchasing an additional 98,819 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Bunge Global by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company’s stock valued at $193,379,000 after purchasing an additional 183,701 shares during the period. Finally, State of Tennessee Department of Treasury lifted its stake in shares of Bunge Global by 12.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 78,318 shares of the basic materials company’s stock valued at $6,090,000 after purchasing an additional 8,691 shares during the period. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $81.77 on Monday. The company has a market cap of $16.36 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 5.05 and a beta of 0.67. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $101.81. The business has a 50 day moving average price of $79.39 and a 200-day moving average price of $76.90. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.19 by $0.12. The firm had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 earnings per share. Equities analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 20th will be given a dividend of $0.70 per share. This represents a dividend yield of 342.0%. The ex-dividend date of this dividend is Tuesday, August 19th. Bunge Global’s dividend payout ratio (DPR) is presently 27.97%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BG shares. Morgan Stanley set a $83.00 price target on Bunge Global and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Stephens dropped their price target 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $83.40.

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.