Riverview Trust Co Purchases 255 Shares of Bunge Global SA (NYSE:BG)

Riverview Trust Co increased its stake in shares of Bunge Global SA (NYSE:BG) by 130.8% in the first quarter, Holdings Channel.com reports. The firm owned 450 shares of the basic materials company’s stock after buying an additional 255 shares during the quarter. Riverview Trust Co’s holdings in Bunge Global were worth $34,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BG. Spire Wealth Management acquired a new position in Bunge Global during the 4th quarter worth approximately $26,000. NBC Securities Inc. acquired a new position in Bunge Global in the 1st quarter valued at approximately $42,000. Menard Financial Group LLC acquired a new position in Bunge Global in the 4th quarter valued at approximately $47,000. MassMutual Private Wealth & Trust FSB increased its position in Bunge Global by 151.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 620 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 373 shares during the period. Finally, Financial Perspectives Inc increased its position in Bunge Global by 585.0% in the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 585 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on BG. 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. Citigroup increased their price objective 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. Morgan Stanley decreased their price objective 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. Bank of America decreased their price objective 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. Finally, Barclays decreased their price objective 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Bunge Global presently has an average rating of “Hold” and a consensus price target of $81.60.

Bunge Global Stock Down 1.0%

Shares of NYSE BG opened at $73.82 on Friday. The firm has a market cap of $9.92 billion, a PE ratio of 9.14, a P/E/G ratio of 2.66 and a beta of 0.68. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company’s fifty day simple moving average is $77.74 and its 200 day simple moving average is $77.82. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The firm had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. During the same period last year, the firm earned $3.04 earnings per share. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 annualized dividend and a yield of 3.79%. Bunge Global’s payout ratio is presently 35.53%.

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.