Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $1.06 Million Stock Holdings in Bunge Global SA (NYSE:BG)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Bunge Global SA (NYSE:BG) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,459 shares of the basic materials company’s stock after acquiring an additional 976 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Bunge Global were worth $1,056,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Peregrine Asset Advisers Inc. acquired a new stake in shares of Bunge Global in the 4th quarter valued at about $3,717,000. Machina Capital S.A.S. bought a new stake in Bunge Global in the 4th quarter valued at approximately $398,000. Maryland State Retirement & Pension System acquired a new position in Bunge Global during the 4th quarter worth approximately $1,151,000. Private Advisor Group LLC grew its stake in shares of Bunge Global by 97.8% during the 4th quarter. Private Advisor Group LLC now owns 5,033 shares of the basic materials company’s stock worth $508,000 after acquiring an additional 2,489 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of Bunge Global by 6.0% in the fourth quarter. Metis Global Partners LLC now owns 16,943 shares of the basic materials company’s stock valued at $1,710,000 after purchasing an additional 953 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of NYSE:BG traded up $0.97 on Wednesday, hitting $105.32. The company had a trading volume of 207,071 shares, compared to its average volume of 1,699,270. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 8.40 and a beta of 0.65. The stock has a 50 day moving average price of $100.80 and a 200 day moving average price of $99.89. Bunge Global SA has a 1-year low of $86.10 and a 1-year high of $116.59. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.49. The business had revenue of $13.42 billion for the quarter, compared to analyst estimates of $13.96 billion. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. Bunge Global’s quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.26 EPS. Analysts expect that Bunge Global SA will post 9.03 EPS for the current year.

Bunge Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.72 annualized dividend and a yield of 2.58%. Bunge Global’s dividend payout ratio (DPR) is presently 21.34%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BG. BMO Capital Markets decreased their target price on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. The Goldman Sachs Group decreased their price objective on Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Citigroup upped their target price on Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. StockNews.com lowered Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Wolfe Research downgraded Bunge Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 10th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

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.