The **agribusiness** giant,
Bunge Global SA (NYSE:BG) is currently experiencing substantial activity in its stock. The company is prevalently dominated by institutional investors owning up to 89% shares. Major transactions include
Amalgamated Bank purchasing 5,781 shares,
American Century Companies Inc. acquiring additional shares and
Dimensional Fund Advisors LP acquiring 121,080 shares. Financial organisations such as
Pacer Advisors Inc. and
Meeder Asset Management Inc. hold positions in BG worth hundreds of millions. Insight into the options market predicts possible spike in BG's stock. There is noteworthy talk about
$2.0 billion senior notes offering, a
potential merger despite falling revenues and a forthcoming dividend of
$0.68 per share. In spite of a significant drop in short interest, BG is considered a wise stock to consider for its upcoming dividend. BG intends to further capitalize through
sale of its 50% stake in BP Bunge Bioenergia and anticipated
exchange offers for Viterra notes. Analysts predict a decline in earnings. In light of a consolidated outlook,
Goldman Sachs analysts gave BG's stock a buy rating. Despite a dip in Q2 earnings, Bunge Global is actively navigating towards a profitable trajectory.
Bunge Global Sa BG News Analytics from Tue, 05 Jul 2016 07:00:00 GMT to Sun, 22 Sep 2024 09:20:06 GMT -
Rating 5
- Innovation 3
- Information 6
- Rumor -8
