Colrain Capital LLC Acquires Shares of 36,000 Bunge Global SA (NYSE:BG)

Colrain Capital LLC purchased a new position in shares of Bunge Global SA (NYSE:BG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 36,000 shares of the basic materials company’s stock, valued at approximately $2,799,000. Bunge Global comprises about 2.7% of Colrain Capital LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors also recently modified their holdings of BG. Alliancebernstein L.P. boosted its position in shares of Bunge Global by 4.6% during the 4th quarter. Alliancebernstein L.P. now owns 202,130 shares of the basic materials company’s stock worth $15,718,000 after acquiring an additional 8,847 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Bunge Global by 30.2% in the 4th quarter. Wellington Management Group LLP now owns 240,595 shares of the basic materials company’s stock valued at $18,709,000 after purchasing an additional 55,861 shares in the last quarter. Allstate Corp acquired a new stake in shares of Bunge Global in the 4th quarter valued at $324,000. DnB Asset Management AS increased its stake in shares of Bunge Global by 15.0% in the 4th quarter. DnB Asset Management AS now owns 34,081 shares of the basic materials company’s stock valued at $2,650,000 after purchasing an additional 4,451 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of Bunge Global by 8.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 7,221 shares of the basic materials company’s stock worth $561,000 after buying an additional 538 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. 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. Bank of America dropped their price target 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. Stephens reduced their price objective on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Morgan Stanley dropped their target price 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. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Bunge Global Stock Down 0.0 %

Bunge Global stock opened at $76.49 on Monday. The firm has a market cap of $10.25 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 2.66 and a beta of 0.67. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. 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 $73.86 and a two-hundred day moving average price of $82.89.

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

Bunge Global Company 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.