28,980 Shares in Bunge Global SA (NYSE:BG) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Bunge Global SA (NYSE:BG) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 28,980 shares of the basic materials company’s stock, valued at approximately $2,253,000.

Several other hedge funds have also recently modified their holdings of BG. Franklin Resources Inc. grew its position in Bunge Global by 16.9% during the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after buying an additional 39,646 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock valued at $302,000 after acquiring an additional 278 shares during the period. Vontobel Holding Ltd. grew its position in shares of Bunge Global by 39.6% during the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock valued at $1,665,000 after acquiring an additional 6,077 shares during the period. iA Global Asset Management Inc. purchased a new stake in shares of Bunge Global during the 3rd quarter worth approximately $888,000. Finally, State Street Corp raised its holdings in shares of Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after purchasing an additional 500,897 shares during the period. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

BG has been the subject of several research reports. Barclays reduced their price objective on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Stephens decreased their price objective on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America lowered their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Morgan Stanley cut their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Price Performance

Shares of NYSE BG opened at $74.71 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The stock has a market cap of $10.01 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The stock has a fifty day moving average of $74.71 and a 200-day moving average of $84.25.

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

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.