Bunge Global SA (NYSE:BG) Stock Position Lifted by LSV Asset Management

LSV Asset Management increased its position in Bunge Global SA (NYSE:BG - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,147,749 shares of the basic materials company's stock after buying an additional 14,640 shares during the quarter. LSV Asset Management owned about 1.54% of Bunge Global worth $167,009,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BG. Spire Wealth Management purchased a new position in shares of Bunge Global in the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global during the 3rd quarter worth approximately $34,000. Crews Bank & Trust purchased a new position in Bunge Global in the fourth quarter valued at approximately $39,000. R Squared Ltd acquired a new position in Bunge Global during the fourth quarter valued at approximately $45,000. Finally, Financial Perspectives Inc grew its stake in Bunge Global by 585.0% during the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $53,000 after buying an additional 585 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Analysts Set New Price Targets

BG has been the topic of several recent research reports. Bank of America reduced their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Citigroup boosted their price objective on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday. 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. Stephens reduced their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Morgan Stanley lowered their price objective 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. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $85.60.

Bunge Global Stock Down 1.3 %

Shares of NYSE:BG traded down $1.00 during trading on Tuesday, hitting $76.07. The company's stock had a trading volume of 432,469 shares, compared to its average volume of 1,588,555. The company has a market capitalization of $10.19 billion, a PE ratio of 9.41, a PEG ratio of 2.66 and a beta of 0.59. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two 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 stock's 50-day moving average price is $73.26 and its two-hundred day moving average price is $80.92.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results 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%. As a group, sell-side analysts expect 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.