TIAA Trust National Association Sells 5,946 Shares of Bunge Global SA (NYSE:BG)

TIAA Trust National Association lowered its stake in shares of Bunge Global SA (NYSE:BG) by 25.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 17,154 shares of the basic materials company’s stock after selling 5,946 shares during the quarter. TIAA Trust National Association’s holdings in Bunge Global were worth $1,759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. NewSquare Capital LLC bought a new position in Bunge Global during the 4th quarter valued at about $37,000. Riverview Trust Co bought a new stake in Bunge Global in the first quarter worth about $46,000. GAMMA Investing LLC purchased a new position in shares of Bunge Global during the fourth quarter valued at approximately $62,000. Rise Advisors LLC grew its stake in shares of Bunge Global by 56.8% during the first quarter. Rise Advisors LLC now owns 635 shares of the basic materials company’s stock valued at $65,000 after buying an additional 230 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Bunge Global in the first quarter worth approximately $76,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Insider Activity

In other Bunge Global news, insider Christos Dimopoulos sold 20,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $103.26, for a total transaction of $2,065,200.00. Following the transaction, the insider now directly owns 87,999 shares of the company’s stock, valued at $9,086,776.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup boosted their price objective on Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.00.

Bunge Global Stock Up 0.7 %

Shares of Bunge Global stock traded up $0.73 during trading on Monday, hitting $112.65. 363,382 shares of the stock traded hands, compared to its average volume of 1,550,914. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $106.50 and its 200 day simple moving average is $100.47. The firm has a market cap of $15.95 billion, a P/E ratio of 9.01 and a beta of 0.67. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.49. The company had revenue of $13.42 billion during 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 revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period last year, the firm posted $3.26 EPS. On average, equities analysts predict that Bunge Global SA will post 9.2 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.41%. The ex-dividend date is Tuesday, February 18th. Bunge Global’s payout ratio is currently 21.90%.

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.