Bunge Global SA (BG) To Go Ex-Dividend on November 17th

Bunge Global SA (NYSE:BG) declared a quarterly dividend on Thursday, May 15th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.70 per share by the basic materials company on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, November 17th.

Bunge Global has increased its dividend payment by an average of 0.1%per year over the last three years. Bunge Global has a payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bunge Global to earn $8.98 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 31.2%.

Bunge Global Stock Performance

Bunge Global stock traded down $1.01 during mid-day trading on Friday, reaching $95.89. 1,113,919 shares of the stock traded hands, compared to its average volume of 1,847,963. The stock has a market capitalization of $18.54 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 8.28 and a beta of 0.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The business’s 50-day moving average is $88.08 and its 200-day moving average is $82.66. Bunge Global has a 12-month low of $67.40 and a 12-month high of $99.55.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.04. The business had revenue of $22.16 billion for the quarter, compared to analysts’ expectations of $22.46 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company’s revenue was up 71.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 EPS. As a group, sell-side analysts predict that Bunge Global will post 7.94 EPS for the current fiscal year.

Insider Transactions at Bunge Global

In related news, Director Christopher Mahoney acquired 5,000 shares of the stock in a transaction on Monday, August 18th. The stock was bought at an average cost of $81.73 per share, with a total value of $408,650.00. Following the transaction, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning raised its stake in shares of Bunge Global by 13.8% in the third quarter. Creative Planning now owns 12,959 shares of the basic materials company’s stock worth $1,053,000 after purchasing an additional 1,576 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Bunge Global by 117.8% during the 3rd quarter. Lazard Asset Management LLC now owns 11,323 shares of the basic materials company’s stock valued at $920,000 after acquiring an additional 6,125 shares during the period. Zacks Investment Management purchased a new stake in shares of Bunge Global in the 3rd quarter valued at $263,000. Credit Agricole S A acquired a new stake in shares of Bunge Global in the third quarter worth $4,096,000. Finally, Raymond James Financial Inc. raised its holdings in shares of Bunge Global by 186.0% during the third quarter. Raymond James Financial Inc. now owns 65,880 shares of the basic materials company’s stock worth $5,353,000 after purchasing an additional 42,842 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

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.