Catalyst Capital Advisors LLC Sells 139 Shares of Bunge Global SA (NYSE:BG)

by · The Cerbat Gem

Catalyst Capital Advisors LLC reduced its holdings in shares of Bunge Global SA (NYSE:BG – Free Report) by 0.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 23,220 shares of the basic materials company’s stock after selling 139 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Bunge Global were worth $1,774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. UMB Bank n.a. boosted its position in Bunge Global by 163.1% during the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 261 shares during the period. Riverview Trust Co boosted its holdings in shares of Bunge Global by 130.8% during the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company’s stock worth $34,000 after buying an additional 255 shares during the period. NBC Securities Inc. bought a new stake in shares of Bunge Global during the 1st quarter worth about $42,000. Spire Wealth Management grew its stake in Bunge Global by 66.5% in the 1st quarter. Spire Wealth Management now owns 556 shares of the basic materials company’s stock valued at $42,000 after buying an additional 222 shares during the last quarter. Finally, Menard Financial Group LLC bought a new position in Bunge Global in the 4th quarter valued at about $47,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Performance

NYSE BG opened at $78.37 on Friday. The firm has a 50-day moving average price of $79.70 and a two-hundred day moving average price of $77.03. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company has a market capitalization of $10.53 billion, a P/E ratio of 9.95, a P/E/G ratio of 4.04 and a beta of 0.67. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 0.41.

Bunge Global (NYSE:BG – Get Free Report) last released its quarterly earnings results 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. The company 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 2.13% and a return on equity of 9.98%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.04 earnings per share. Analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.57%. Bunge Global’s payout ratio is 35.53%.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on Bunge Global

Bunge Global Profile

(Free Report)

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.

See Also

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