1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC boosted its stake in Bunge Global SA ( NYSE:BG – Free Report ) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,221 shares of the basic materials company’s stock after acquiring an additional 538 shares during the period.
Orion Portfolio Solutions LLC’s holdings in Bunge Global were worth $561,000 at the end of the most recent reporting period. Other large investors have also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd.
raised its stake in shares of Bunge Global by 3.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd.
now owns 4,512 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 170 shares in the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of Bunge Global by 25.4% during the 4th quarter.
Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 178 shares in the last quarter. Allworth Financial LP increased its stake in Bunge Global by 32.3% during the fourth quarter.
Allworth Financial LP now owns 794 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 194 shares during the last quarter. Abbot Financial Management Inc. raised its holdings in shares of Bunge Global by 0.
9% during the fourth quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company’s stock worth $1,786,000 after purchasing an additional 205 shares during the period.
Finally, Jones Financial Companies Lllp lifted its position in shares of Bunge Global by 15.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company’s stock worth $129,000 after buying an additional 225 shares during the last quarter.
86.23% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on BG shares.
Barclays lowered their price objective on shares of 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.
Morgan Stanley dropped their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th.
Bank of America reduced their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th.
Finally, Stephens dropped their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd.
Three investment 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 stock. Based on data from MarketBeat, Bunge Global has an average rating of “Moderate Buy” and a consensus price target of $93.00.
Bunge Global Stock Performance BG opened at $71.67 on Tuesday. Bunge Global SA has a twelve month low of $67.
40 and a twelve month high of $114.92. The stock has a market cap of $9.
60 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 2.66 and a beta of 0.
59. The business’s 50 day moving average is $73.55 and its 200-day moving average is $81.
97. The company has a current ratio of 2.15, a quick ratio of 1.
27 and a debt-to-equity ratio of 0.43. Bunge Global ( NYSE:BG – Get Free Report ) 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%. On average, analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.
About Bunge Global ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Global SA ( NYSE:BG – Free Report ). Receive News & Ratings for Bunge Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge Global and related companies with MarketBeat.
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