Bunge Global SA (NYSE:BG) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp increased its holdings in Bunge Global SA (NYSE:BG - Free Report) by 13.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 54,865 shares of the basic materials company's stock after acquiring an additional 6,642 shares during the period. Cibc World Markets Corp's holdings in Bunge Global were worth $4,266,000 at the end of the most recent quarter.

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

Bunge Global Stock Down 0.7 %

Shares of NYSE:BG traded down $0.53 during trading hours on Monday, reaching $72.72. The stock had a trading volume of 1,156,094 shares, compared to its average volume of 1,494,658. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The firm's 50 day moving average is $74.44 and its 200-day moving average is $83.70. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 9.00, 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.

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Bunge Global (NYSE:BG - Get Free Report) last posted 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%. Research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BG shares. Bank of America decreased their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. 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 note on Thursday, February 6th. Stephens reduced their price objective on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Morgan Stanley lowered their target price 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. Three 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 company's stock. According to MarketBeat.com, Bunge Global currently has an average rating of "Moderate Buy" and a consensus price target of $93.00.

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.