Oppenheimer & Co. Inc. Has $4.54 Million Stock Position in Bunge Global SA (NYSE:BG)

Oppenheimer & Co. Inc. reduced its position in shares of Bunge Global SA (NYSE:BG) by 5.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 58,429 shares of the basic materials company’s stock after selling 3,397 shares during the period. Oppenheimer & Co. Inc.’s holdings in Bunge Global were worth $4,543,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in shares of Bunge Global by 13,459.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after purchasing an additional 2,934,656 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new stake in shares of Bunge Global in the third quarter worth approximately $54,330,000. State Street Corp raised its stake in shares of Bunge Global by 7.6% in the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after purchasing an additional 500,897 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Bunge Global by 173.5% in the fourth quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company’s stock worth $23,537,000 after purchasing an additional 191,999 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its stake in shares of Bunge Global by 1,585.3% in the third quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company’s stock worth $17,782,000 after purchasing an additional 173,082 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on BG shares. Bank of America lowered their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Morgan Stanley decreased their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Stephens decreased their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Barclays decreased their price target on 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. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.00.

Bunge Global Stock Performance

Shares of BG opened at $74.34 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 2.66 and a beta of 0.69. The stock has a 50 day moving average of $75.71 and a 200 day moving average of $86.46. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92.

Bunge Global (NYSE:BG) last announced its quarterly earnings data 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 net margin of 2.14% and a return on equity of 11.73%. As a group, sell-side analysts forecast that Bunge Global SA will post 7.94 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.