28,980 Shares in Bunge Global SA (NYSE:BG) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,980 shares of the basic materials company's stock, valued at approximately $2,253,000.

A number of other institutional investors also recently made changes to their positions in the company. M&T Bank Corp boosted its holdings in shares of Bunge Global by 11.9% during the fourth quarter. M&T Bank Corp now owns 6,307 shares of the basic materials company's stock worth $490,000 after acquiring an additional 670 shares during the period. Assetmark Inc. boosted its holdings in shares of Bunge Global by 8.3% during the fourth quarter. Assetmark Inc. now owns 20,120 shares of the basic materials company's stock worth $1,565,000 after acquiring an additional 1,547 shares during the period. Abbot Financial Management Inc. boosted 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 acquiring an additional 205 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Bunge Global by 79.8% during the fourth quarter. Victory Capital Management Inc. now owns 233,171 shares of the basic materials company's stock worth $18,131,000 after acquiring an additional 103,473 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Bunge Global by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,502,083 shares of the basic materials company's stock worth $116,802,000 after acquiring an additional 57,462 shares during the period. Institutional investors own 86.23% of the company's stock.

Remove Ads

Analyst Ratings Changes

BG has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on shares of 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. Bank of America dropped their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Stephens dropped their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Barclays dropped their price target 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. 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 company's stock. According to data from MarketBeat, Bunge Global presently has an average rating of "Moderate Buy" and an average price target of $93.00.

Bunge Global Price Performance

BG traded down $0.66 during trading on Friday, hitting $73.29. 10,331,113 shares of the stock traded hands, compared to its average volume of 1,495,400. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The company has a market cap of $9.82 billion, a price-to-earnings ratio of 9.07, a PEG 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. The business has a 50 day moving average price of $74.44 and a 200 day moving average price of $83.92.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 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 research analysts forecast that Bunge Global SA will post 7.94 earnings per share 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.