Lindbrook Capital LLC Acquires 145 Shares of Bunge Global SA (NYSE:BG)

Lindbrook Capital LLC increased its holdings in shares of Bunge Global SA (NYSE:BG) by 16.3% during the 4th quarter, HoldingsChannel reports. The fund owned 1,036 shares of the basic materials company’s stock after buying an additional 145 shares during the period. Lindbrook Capital LLC’s holdings in Bunge Global were worth $105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Bunge Global by 28.9% during the third quarter. Bank of New York Mellon Corp now owns 2,942,342 shares of the basic materials company’s stock valued at $318,509,000 after purchasing an additional 659,471 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in Bunge Global during the 3rd quarter valued at approximately $30,032,000. Royal Bank of Canada raised its stake in Bunge Global by 55.8% during the third quarter. Royal Bank of Canada now owns 613,412 shares of the basic materials company’s stock valued at $66,402,000 after buying an additional 219,819 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Bunge Global by 175.6% in the third quarter. Hsbc Holdings PLC now owns 169,704 shares of the basic materials company’s stock worth $18,411,000 after acquiring an additional 108,128 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Bunge Global by 34.9% in the third quarter. Barclays PLC now owns 355,779 shares of the basic materials company’s stock worth $38,513,000 after acquiring an additional 92,073 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

BG has been the subject of several recent analyst reports. HSBC raised Bunge Global from a “hold” rating to a “buy” rating and lowered their price target for the stock from $122.00 to $105.00 in a research report on Friday, February 9th. Wolfe Research cut Bunge Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 10th. BMO Capital Markets reduced their target price on Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. The Goldman Sachs Group lowered their price target on Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Finally, StockNews.com downgraded Bunge Global from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.44.

Bunge Global Price Performance

NYSE BG opened at $105.77 on Thursday. The company has a 50-day moving average price of $99.02 and a 200-day moving average price of $99.98. 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 firm has a market capitalization of $14.91 billion, a P/E ratio of 7.10 and a beta of 0.64.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.89. The business had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $14.96 billion. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The firm’s revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.24 earnings per share. Equities research analysts anticipate that Bunge Global SA will post 9.26 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.