Horizon Kinetics Asset Management LLC Grows Holdings in Bunge Global SA (NYSE:BG)

Horizon Kinetics Asset Management LLC lifted its holdings in Bunge Global SA (NYSE:BG - Free Report) by 18.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 319,121 shares of the basic materials company's stock after purchasing an additional 49,046 shares during the quarter. Horizon Kinetics Asset Management LLC owned about 0.23% of Bunge Global worth $24,815,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BG. Caprock Group LLC boosted its stake in Bunge Global by 2.2% in the 3rd quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company's stock valued at $722,000 after purchasing an additional 164 shares during the period. Deseret Mutual Benefit Administrators increased its stake in Bunge Global by 25.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after acquiring an additional 178 shares during the last quarter. Patton Albertson Miller Group LLC increased its stake in Bunge Global by 0.3% in the third quarter. Patton Albertson Miller Group LLC now owns 56,444 shares of the basic materials company's stock valued at $5,455,000 after acquiring an additional 188 shares during the last quarter. Allworth Financial LP raised its position in Bunge Global by 32.3% during the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock valued at $62,000 after purchasing an additional 194 shares in the last quarter. Finally, Abbot Financial Management Inc. lifted its position in shares of Bunge Global by 0.9% during the 4th quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock worth $1,786,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

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Bunge Global Stock Performance

Bunge Global stock traded down $0.66 during midday trading on Friday, reaching $73.29. The stock had a trading volume of 10,331,113 shares, compared to its average volume of 1,498,466. The firm's 50-day moving average price is $74.60 and its 200 day moving average price is $84.12. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $9.82 billion, a PE ratio of 9.07, a P/E/G ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.73% and a net margin of 2.14%. As a group, research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BG has been the subject of a number of research reports. Morgan Stanley dropped 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 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. Bank of America reduced their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Barclays dropped their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. 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's stock. According to data from MarketBeat.com, the stock currently 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.