Bunge Global SA (NYSE:BG) Shares Bought by Twinbeech Capital LP

Twinbeech Capital LP raised its position in Bunge Global SA (NYSE:BG) by 196.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 339,881 shares of the basic materials company’s stock after acquiring an additional 225,396 shares during the quarter. Twinbeech Capital LP’s holdings in Bunge Global were worth $26,429,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of Bunge Global by 13,459.9% during the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after buying an additional 2,934,656 shares in the last quarter. Norges Bank acquired a new stake in shares of Bunge Global during the fourth quarter worth approximately $148,857,000. Invesco Ltd. grew its position in shares of Bunge Global by 28.6% during the fourth quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company’s stock worth $249,349,000 after buying an additional 713,561 shares in the last quarter. FMR LLC grew its position in shares of Bunge Global by 25.3% during the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company’s stock worth $269,488,000 after buying an additional 699,889 shares in the last quarter. Finally, Man Group plc acquired a new stake in shares of Bunge Global during the fourth quarter worth approximately $50,561,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

Bunge Global stock opened at $81.52 on Monday. The company has a market cap of $10.96 billion, a PE ratio of 10.09, a P/E/G ratio of 2.66 and a beta of 0.68. The company has a fifty day moving average price of $76.73 and a two-hundred day moving average price of $78.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.54. The firm had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $13.18 billion. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The firm’s revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.04 earnings per share. Research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Monday, May 19th. This is an increase from Bunge Global’s previous quarterly dividend of $0.68. Bunge Global’s payout ratio is currently 34.52%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BG. Bank of America decreased their price target on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. 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 research report on Tuesday, April 15th. Barclays decreased their price target on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Stephens decreased their price target on shares of Bunge Global from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Finally, Morgan Stanley decreased their price target on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $81.60.

Bunge Global Company 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.