Financial Perspectives Inc Purchases 585 Shares of Bunge Global SA (NYSE:BG)

Financial Perspectives Inc boosted its position in shares of Bunge Global SA (NYSE:BG) by 585.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 685 shares of the basic materials company’s stock after buying an additional 585 shares during the quarter. Financial Perspectives Inc’s holdings in Bunge Global were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB increased its stake in shares of Bunge Global by 59.3% during the third quarter. AMF Tjanstepension AB now owns 106,384 shares of the basic materials company’s stock valued at $10,281,000 after buying an additional 39,600 shares during the period. Blue Trust Inc. boosted its holdings in Bunge Global by 121.5% in the third quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock valued at $70,000 after acquiring an additional 361 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in Bunge Global during the 3rd quarter valued at $1,302,000. Hennion & Walsh Asset Management Inc. bought a new position in Bunge Global in the 3rd quarter worth $348,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Bunge Global by 10.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 33,448 shares of the basic materials company’s stock worth $3,232,000 after purchasing an additional 3,185 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BG shares. Bank of America reduced their price target on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Stephens decreased their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Barclays lowered their target price on 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. Finally, Morgan Stanley decreased their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Four 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Price Performance

BG stock opened at $70.28 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The firm has a 50 day moving average price of $76.74 and a 200-day moving average price of $87.51. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 2.57 and a beta of 0.69.

Bunge Global (NYSE:BG) last announced its quarterly earnings data 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 net margin of 2.14% and a return on equity of 11.73%. Equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal 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.