Headlands Technologies LLC Purchases 11,856 Shares of Bunge Global SA (NYSE:BG)

Headlands Technologies LLC increased its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 364.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,107 shares of the basic materials company's stock after acquiring an additional 11,856 shares during the quarter. Headlands Technologies LLC's holdings in Bunge Global were worth $1,175,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Bunge Global by 7.6% during the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company's stock worth $681,467,000 after acquiring an additional 500,897 shares in the last quarter. Geode Capital Management LLC raised its stake in Bunge Global by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock valued at $268,205,000 after purchasing an additional 34,890 shares in the last quarter. Pacer Advisors Inc. lifted its position in Bunge Global by 13,459.9% during the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock valued at $229,894,000 after purchasing an additional 2,934,656 shares during the last quarter. Amundi grew its stake in shares of Bunge Global by 24.9% in the 4th quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock worth $190,476,000 after buying an additional 490,153 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Bunge Global during the 4th quarter valued at about $148,857,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Trading Down 6.3 %

BG traded down $4.90 during trading hours on Friday, reaching $73.30. 2,439,327 shares of the company's stock traded hands, compared to its average volume of 1,573,326. The firm has a 50-day moving average price of $73.69 and a 200 day moving average price of $82.28. The firm has a market capitalization of $9.82 billion, a PE ratio of 9.07, a PEG ratio of 2.66 and a beta of 0.59. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92.

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 (EPS) 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%. As a group, sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BG. Stephens lowered their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America dropped their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Barclays decreased their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Morgan Stanley cut their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.