Avantax Advisory Services Inc. Makes New Investment in Bunge Global SA (NYSE:BG)

Avantax Advisory Services Inc. purchased a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,765 shares of the basic materials company's stock, valued at approximately $899,000.

A number of other large investors have also recently added to or reduced their stakes in BG. NewSquare Capital LLC acquired a new position in Bunge Global in the fourth quarter valued at about $37,000. Riverview Trust Co purchased a new position in shares of Bunge Global during the 1st quarter worth approximately $46,000. GAMMA Investing LLC acquired a new stake in Bunge Global in the 4th quarter valued at approximately $62,000. Rise Advisors LLC raised its position in Bunge Global by 56.8% in the first 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 period. Finally, Mather Group LLC. purchased a new position in shares of Bunge Global during the first quarter worth $76,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bunge Global

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

Bunge Global Stock Down 0.3 %

BG stock traded down $0.30 during mid-day trading on Friday, reaching $111.92. The company had a trading volume of 1,068,878 shares, compared to its average volume of 1,246,129. Bunge Global SA has a fifty-two week low of $86.10 and a fifty-two week high of $116.59. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 9.01 and a beta of 0.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.99. The firm has a fifty day simple moving average of $106.50 and a 200 day simple moving average of $100.47.

Bunge Global (NYSE:BG - Get Free Report) last issued 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. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The company had revenue of $13.42 billion during the quarter, compared to the consensus estimate of $13.96 billion. During the same quarter in the previous year, the firm earned $3.26 earnings per share. The firm's quarterly revenue was down 12.5% on a year-over-year basis. Analysts forecast that Bunge Global SA will post 9.2 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.43%. The ex-dividend date is Tuesday, February 18th. Bunge Global's dividend payout ratio (DPR) is presently 21.90%.

Analyst Upgrades and Downgrades

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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.