US Bancorp DE Acquires 1,320 Shares of Bunge Global SA (NYSE:BG)

US Bancorp DE lifted its holdings in shares of Bunge Global SA (NYSE:BG) by 33.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,281 shares of the basic materials company’s stock after purchasing an additional 1,320 shares during the quarter. US Bancorp DE’s holdings in Bunge Global were worth $411,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BG. Spire Wealth Management bought a new position in Bunge Global during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in Bunge Global during the third quarter worth $34,000. Crews Bank & Trust bought a new position in Bunge Global during the fourth quarter worth $39,000. Farther Finance Advisors LLC raised its stake in 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 during the last quarter. Finally, R Squared Ltd bought a new position in Bunge Global during the fourth quarter worth $45,000. 86.23% of the stock is owned by institutional investors.

Bunge Global Trading Down 1.6 %

Shares of BG opened at $73.21 on Thursday. The stock has a market capitalization of $9.81 billion, a P/E ratio of 9.06, a PEG ratio of 2.66 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $74.99 and a two-hundred day simple moving average of $85.12. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. On average, research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on BG. Stephens decreased their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays decreased their price target 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 decreased their price target on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Finally, Bank of America decreased their target price 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, February 11th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

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.