Bunge Global SA (BG) To Go Ex-Dividend on February 18th

Bunge Global SA (NYSE:BG) declared a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.68 per share by the basic materials company on Tuesday, March 4th. This represents a $2.72 annualized dividend and a yield of 2.58%. The ex-dividend date is Tuesday, February 18th.

Bunge Global has a payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bunge Global to earn $9.43 per share next year, which means the company should continue to be able to cover its $2.65 annual dividend with an expected future payout ratio of 28.1%.

Bunge Global Price Performance

BG stock opened at $105.35 on Thursday. 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 company has a market capitalization of $14.92 billion, a P/E ratio of 8.48 and a beta of 0.65. The business has a 50 day simple moving average of $101.03 and a 200-day simple moving average of $99.93. Bunge Global has a twelve month low of $86.10 and a twelve month high of $116.59.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, beating 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 business had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.96 billion. During the same period in the prior year, the company earned $3.26 earnings per share. The business’s revenue was down 12.5% compared to the same quarter last year. As a group, equities analysts anticipate that Bunge Global will post 9.03 EPS for the current year.

Wall Street Analyst Weigh In

BG has been the topic of several recent analyst reports. Wolfe Research cut Bunge Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 10th. BMO Capital Markets cut their price objective on Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. HSBC raised Bunge Global from a “hold” rating to a “buy” rating and reduced their target price for the company from $122.00 to $105.00 in a report on Friday, February 9th. Citigroup upped their price target on shares of Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group reduced their price objective on shares of Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.