RFG Advisory LLC Grows Position in Bunge Global SA (NYSE:BG)

RFG Advisory LLC lifted its position in shares of Bunge Global SA (NYSE:BG) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,493 shares of the basic materials company’s stock after purchasing an additional 260 shares during the quarter. RFG Advisory LLC’s holdings in Bunge Global were worth $252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC grew its stake in shares of Bunge Global by 11.6% during the 4th quarter. Bleakley Financial Group LLC now owns 35,141 shares of the basic materials company’s stock worth $3,548,000 after purchasing an additional 3,660 shares during the period. Zenyatta Capital Management LP grew its stake in shares of Bunge Global by 4.0% during the 4th quarter. Zenyatta Capital Management LP now owns 65,000 shares of the basic materials company’s stock worth $6,562,000 after purchasing an additional 2,500 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Bunge Global by 17.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,673 shares of the basic materials company’s stock worth $976,000 after purchasing an additional 1,453 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Bunge Global by 2.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 43,031 shares of the basic materials company’s stock valued at $4,338,000 after buying an additional 838 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in shares of Bunge Global by 11.4% during the 4th quarter. New York State Teachers Retirement System now owns 153,620 shares of the basic materials company’s stock valued at $15,508,000 after buying an additional 15,675 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Down 2.0 %

NYSE BG opened at $103.77 on Friday. Bunge Global SA has a 52 week low of $86.10 and a 52 week high of $116.59. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $96.14 and its 200-day simple moving average is $99.96. The firm has a market cap of $14.63 billion, a PE ratio of 6.97 and a beta of 0.64.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, topping the consensus estimate of $2.81 by $0.89. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.96 billion. During the same quarter in the previous year, the firm earned $3.24 EPS. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. As a group, equities analysts anticipate that Bunge Global SA will post 9.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BG. Barclays decreased their target price on Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 23rd. BMO Capital Markets decreased their target price on Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. StockNews.com lowered Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Wolfe Research lowered Bunge Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 10th. Finally, HSBC upgraded Bunge Global from a “hold” rating to a “buy” rating and decreased their target price for the company from $122.00 to $105.00 in a research report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $120.44.

Bunge Global 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.