SteelPeak Wealth LLC Invests $2.14 Million in Bunge Global SA (NYSE:BG)

SteelPeak Wealth LLC purchased a new position in Bunge Global SA (NYSE:BG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,847 shares of the basic materials company's stock, valued at approximately $2,137,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC purchased a new stake in shares of Bunge Global in the fourth quarter worth about $37,000. Rise Advisors LLC grew its holdings in Bunge Global by 40.6% in the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company's stock worth $41,000 after buying an additional 117 shares in the last quarter. Riverview Trust Co bought a new position in Bunge Global in the 1st quarter worth approximately $46,000. Ramirez Asset Management Inc. bought a new position in Bunge Global in the 3rd quarter worth approximately $54,000. Finally, GAMMA Investing LLC bought a new position in Bunge Global in the 4th quarter worth approximately $62,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup increased their price target on Bunge Global from $117.00 to $122.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Bunge Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.00.

Insiders Place Their Bets

In other news, insider Christos Dimopoulos sold 20,000 shares of the firm's 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 sale, the insider now directly owns 87,999 shares of the company's stock, valued at $9,086,776.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company's stock.

Bunge Global Stock Up 0.5 %

Shares of BG traded up $0.57 during mid-day trading on Monday, reaching $107.34. The company's stock had a trading volume of 737,087 shares, compared to its average volume of 1,603,253. The business has a fifty day moving average of $104.66 and a 200 day moving average of $99.62. The company has a market cap of $15.20 billion, a price-to-earnings ratio of 8.70 and a beta of 0.67. Bunge Global SA has a 1 year low of $86.10 and a 1 year high of $116.59. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.35.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share (EPS) for the quarter, beating 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 return on equity of 17.49% and a net margin of 3.22%. The company's revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 earnings per share. As a group, analysts forecast that Bunge Global SA will post 9.28 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.72 annualized dividend and a dividend yield of 2.53%. 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.