Deep Discounts And Powerful Tailwinds: 3 Deeply Undervalued Dividend Stocks To Buy Now
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Private Advisor Group LLC Purchases 2,489 Shares of Bunge Global SA (NYSE:BG)
Private Advisor Group LLC raised its position in Bunge Global SA (NYSE:BG – Free Report) by 97.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,033 shares of the basic materials company’s stock after purchasing an additional 2,489 shares during the period. Private Advisor Group LLC’s holdings in Bunge Global were worth $508,000 at the end of the most recent reporting period. A number of other hedge funds have also recently made changes to their positions in BG. LSV Asset Management grew its position in Bunge Global by 86.8% in the fourth quarter. LSV Asset Management now owns 1,430,760 shares of the basic materials company’s stock worth $144,435,000 after acquiring an additional 664,632 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Bunge Global during the 3rd quarter valued at about $30,032,000. Royal Bank of Canada raised its holdings in shares of Bunge Global by 55.8% during the 3rd quarter. Royal Bank of Canada now owns 613,412 shares of the basic materials company’s stock valued at $66,402,000 after buying an additional 219,819 shares in the last quarter. Hsbc Holdings PLC lifted its position in Bunge Global by 175.6% in the 3rd quarter. Hsbc Holdings PLC now owns 169,704 shares of the basic materials company’s stock worth $18,411,000 after buying an additional 108,128 shares during the last quarter. Finally, Barclays PLC boosted its stake in Bunge Global by 34.9% in the third quarter. Barclays PLC now owns 355,779 shares of the basic materials company’s stock worth $38,513,000 after buying an additional 92,073 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors. Bunge Global Stock Down 1.1 % Shares of Bunge Global stock opened at $103.09 on Monday. The company has a 50-day simple moving average of $102.75 and a two-hundred day simple moving average of $99.91. The stock has a market capitalization of $14.60 billion, a PE ratio of 8.30 and a beta of 0.65. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.99. Bunge Global (NYSE:BG – Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share 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%. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.26 EPS. On average, analysts anticipate that Bunge Global SA will post 9.28 EPS for the current fiscal year. Bunge Global Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, May 17th. Bunge Global’s dividend payout ratio is currently 21.34%. Wall Street Analysts Forecast Growth A number of brokerages have recently weighed in on BG. Robert W. Baird lowered their price objective on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. BMO Capital Markets decreased their price objective on Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Roth Mkm lowered their target price on Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, February 5th. StockNews.com lowered Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Citigroup boosted their price objective on Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a research 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 data from MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average price target of $121.00. Read Our Latest Report on Bunge Global About Bunge Global (Free Report) 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.
Bunge: Consolidation Could Be A Buying Opportunity
Bunge Global SA is a leading agribusiness and food company with a significant presence in Brazil. The company's shares have been on a bullish trend since the 2020 pandemic low and are expected to continue rising. Bunge may be a potential candidate for a merger or acquisition to solve its growth issues and expand its business potential.
