Tidal Investments LLC Sells 2,182 Shares of Bunge Global SA (NYSE:BG)

Tidal Investments LLC lessened its holdings in Bunge Global SA (NYSE:BG) by 6.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,614 shares of the basic materials company’s stock after selling 2,182 shares during the period. Tidal Investments LLC’s holdings in Bunge Global were worth $3,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NewSquare Capital LLC acquired a new position in Bunge Global in the 4th quarter valued at $37,000. Riverview Trust Co acquired a new stake in shares of Bunge Global in the 1st quarter valued at $46,000. GAMMA Investing LLC acquired a new stake in shares of Bunge Global in the 4th quarter valued at $62,000. Rise Advisors LLC increased its stake in shares of Bunge Global by 56.8% in the 1st quarter. Rise Advisors LLC now owns 635 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 230 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Bunge Global during the 1st quarter worth $76,000. 86.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Citigroup lowered Bunge Global from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $125.00 to $114.00 in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $120.11.

Insider Activity at Bunge Global

In other news, insider Christos Dimopoulos sold 20,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $103.26, for a total value of $2,065,200.00. Following the completion of the sale, the insider now owns 87,999 shares of the company’s stock, valued at $9,086,776.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Bunge Global Trading Down 0.8 %

Shares of BG stock traded down $0.88 during mid-day trading on Thursday, reaching $104.35. 578,378 shares of the stock traded hands, compared to its average volume of 1,537,051. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 8.47 and a beta of 0.67. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $107.85 and its two-hundred day simple moving average is $101.30. Bunge Global SA has a 1-year low of $86.10 and a 1-year high of $116.59.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.06). Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The business had revenue of $13.24 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same quarter in the prior year, the business earned $3.72 earnings per share. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. On average, research analysts anticipate that Bunge Global SA will post 9.2 EPS for the current fiscal year.

Bunge Global Dividend Announcement

The firm also recently disclosed 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 dividend yield of 2.61%. Bunge Global’s dividend payout ratio is 21.90%.

Bunge Global 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.