Bunge Global SA (NYSE:BG) Holdings Boosted by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC boosted its holdings in Bunge Global SA (NYSE:BG) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 47,713 shares of the basic materials company’s stock after acquiring an additional 255 shares during the period. Greenwich Wealth Management LLC’s holdings in Bunge Global were worth $3,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Caprock Group LLC boosted its stake in shares of Bunge Global by 2.2% during the 3rd quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock valued at $722,000 after buying an additional 164 shares during the period. Deseret Mutual Benefit Administrators boosted its stake 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 buying an additional 178 shares during the period. Patton Albertson Miller Group LLC boosted its stake in shares of Bunge Global by 0.3% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 56,444 shares of the basic materials company’s stock valued at $5,455,000 after buying an additional 188 shares during the period. Allworth Financial LP boosted its stake in shares of Bunge Global by 32.3% during the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock valued at $62,000 after buying an additional 194 shares during the period. Finally, Abbot Financial Management Inc. boosted its stake in shares of Bunge Global by 0.9% during the 4th quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company’s stock valued at $1,786,000 after buying an additional 205 shares during the period. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 0.6 %

Bunge Global stock opened at $74.01 on Friday. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 2.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. 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 fifty day moving average price of $74.84 and a two-hundred day moving average price of $84.74.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BG. Stephens decreased their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley reduced their price objective on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research note 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. Finally, Barclays reduced 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 note on Thursday, February 6th. Three 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. Based on data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average target price of $93.00.

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.