Stevens Capital Management LP Purchases 9,068 Shares of Bunge Global SA (NYSE:BG)

Stevens Capital Management LP increased its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 411.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,271 shares of the basic materials company's stock after acquiring an additional 9,068 shares during the quarter. Stevens Capital Management LP's holdings in Bunge Global were worth $876,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BG. Fox Run Management L.L.C. acquired a new stake in Bunge Global during the fourth quarter worth approximately $1,265,000. KLP Kapitalforvaltning AS bought a new position in Bunge Global during the 4th quarter worth $8,067,000. Sei Investments Co. raised its holdings in Bunge Global by 24.9% in the 4th quarter. Sei Investments Co. now owns 84,181 shares of the basic materials company's stock valued at $6,546,000 after acquiring an additional 16,764 shares in the last quarter. American Century Companies Inc. raised its holdings in Bunge Global by 9.5% in the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock valued at $18,815,000 after acquiring an additional 20,942 shares in the last quarter. Finally, Virtu Financial LLC lifted its position in shares of Bunge Global by 53.4% during the 4th quarter. Virtu Financial LLC now owns 9,848 shares of the basic materials company's stock valued at $766,000 after acquiring an additional 3,429 shares during the period. Institutional investors own 86.23% of the company's stock.

Bunge Global Price Performance

Shares of BG traded up $2.27 during mid-day trading on Thursday, reaching $76.46. The company had a trading volume of 1,733,794 shares, compared to its average volume of 1,495,403. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 9.46, 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 quick ratio of 1.27 and a current ratio of 2.15. The company's 50 day simple moving average is $73.92 and its 200 day simple moving average is $83.23. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92.

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Bunge Global (NYSE:BG - Get Free Report) last issued 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 net margin of 2.14% and a return on equity of 11.73%. Analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BG shares. Morgan Stanley dropped their price target on 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. Barclays dropped their target price 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 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. Finally, Stephens lowered their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Bunge Global has an average rating of "Moderate Buy" and an average target price of $93.00.

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.