Allworth Financial LP Buys 194 Shares of Bunge Global SA (NYSE:BG)

Allworth Financial LP grew its stake in Bunge Global SA (NYSE:BG) by 32.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 794 shares of the basic materials company’s stock after acquiring an additional 194 shares during the period. Allworth Financial LP’s holdings in Bunge Global were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. WealthPlan Investment Management LLC bought a new stake in shares of Bunge Global during the fourth quarter worth $237,000. V Square Quantitative Management LLC lifted its holdings in Bunge Global by 7.8% in the fourth quarter. V Square Quantitative Management LLC now owns 4,707 shares of the basic materials company’s stock valued at $366,000 after buying an additional 340 shares during the period. Vontobel Holding Ltd. boosted its stake in Bunge Global by 39.6% in the fourth 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 last quarter. Entropy Technologies LP acquired a new stake in Bunge Global during the 4th quarter worth $1,161,000. Finally, Empowered Funds LLC raised its position in shares of Bunge Global by 30.2% during the 4th quarter. Empowered Funds LLC now owns 145,322 shares of the basic materials company’s stock valued at $11,300,000 after acquiring an additional 33,677 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Bunge Global Stock Up 0.7 %

Shares of Bunge Global stock opened at $73.59 on Tuesday. The company has a market capitalization of $10.27 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 2.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The business has a 50-day moving average of $76.16 and a two-hundred day moving average of $86.96. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92.

Bunge Global (NYSE:BG) last posted its 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%. As a group, equities analysts predict that Bunge Global SA will post 7.94 EPS 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.