Yousif Capital Management LLC Raises Position in Bunge Global SA (NYSE:BG)

Yousif Capital Management LLC raised its position in Bunge Global SA (NYSE:BG) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,546 shares of the basic materials company’s stock after buying an additional 860 shares during the period. Yousif Capital Management LLC’s holdings in Bunge Global were worth $1,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BG. Spire Wealth Management acquired a new stake in shares of Bunge Global in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global during the 3rd quarter worth $34,000. Farther Finance Advisors LLC grew its holdings in shares of Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after buying an additional 124 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Bunge Global in the fourth quarter valued at about $39,000. Finally, R Squared Ltd purchased a new position in shares of Bunge Global in the fourth quarter worth about $45,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Up 1.2 %

Shares of NYSE:BG opened at $70.02 on Wednesday. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 8.67 and a beta of 0.69. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The business has a 50-day moving average price of $78.57 and a 200 day moving average price of $88.94. The company has a current ratio of 2.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Sell-side analysts expect that Bunge Global SA will post 7.75 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on BG. Barclays dropped their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Morgan Stanley dropped their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday. Bank of America cut their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Stephens decreased their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.50.

Bunge Global Company Profile

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.