Susquehanna Fundamental Investments LLC Acquires New Stake in Bunge Global SA (NYSE:BG)

Susquehanna Fundamental Investments LLC acquired a new stake in Bunge Global SA (NYSE:BG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 181,032 shares of the basic materials company’s stock, valued at approximately $14,077,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BG. American Century Companies Inc. increased its holdings in Bunge Global by 9.5% during the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company’s stock worth $18,815,000 after purchasing an additional 20,942 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Bunge Global by 7.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock valued at $302,000 after buying an additional 278 shares during the period. Franklin Resources Inc. increased its stake in shares of 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. Vontobel Holding Ltd. raised its holdings in shares of 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 in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Bunge Global by 12.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company’s stock worth $2,935,000 after acquiring an additional 4,296 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BG. Morgan Stanley reduced 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 report on Tuesday, February 11th. Bank of America reduced their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Barclays cut their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Citigroup boosted their price target on Bunge Global from $76.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Finally, Stephens dropped their price objective on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.60.

Bunge Global Stock Up 0.2 %

Shares of BG stock opened at $80.99 on Friday. 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 firm has a market capitalization of $10.85 billion, a PE ratio of 10.02, a P/E/G ratio of 2.66 and a beta of 0.59. The stock’s 50-day simple moving average is $74.92 and its 200-day simple moving average is $79.88.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. Equities analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

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.