National Bank of Canada FI and
Teacher Retirement System of Texas have adjusted their position on
Bunge Global SA, with the former reducing and the latter boosting their stock position.
Amalgamated Bank and also
Patten Albertson Miller Group LLC increased their stakes in Bunge. This comes as Bunge's CEO compensation is believed to be fair, and the company, with an
88% institutional ownership, has declared a quarterly dividend of
$0.68. Bunge's financials seem to guide the market as various institutional groups acquire or alter their stakes in Bunge, though some investors express skepticism on Bunge's earnings. The company experienced a recent 4.7% drop, and the
ABCD issues led to a
dip in sales. Nevertheless, the firm posted impressive returns over the past five years. Bunge's Q1 2024 earnings missed expectations, but it secures various investments and stands strong during a downturn. Growth may be slower this year, but the merger with
Viterra is seen as highly complementary, and Bunge's fundamentals remain solid. Despite geopolitical developments such as the Russian invasion of Ukraine, Bunge's outlook remains bullish, and it has growth levers to pull, marking it a viable buy.
Bunge Global Sa BG News Analytics from Fri, 12 Jun 2015 05:47:04 GMT to Sun, 12 May 2024 20:40:13 GMT -
Rating 6
- Innovation -3
- Information 6
- Rumor -2
