Integrated Quantitative Investments LLC Invests $295,000 in Bunge Global SA (NYSE:BG)

Integrated Quantitative Investments LLC bought a new stake in Bunge Global SA (NYSE:BG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,800 shares of the basic materials company's stock, valued at approximately $295,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Bunge Global by 3.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock valued at $351,000 after purchasing an additional 170 shares during the period. Deseret Mutual Benefit Administrators lifted its stake in Bunge Global by 25.4% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after buying an additional 178 shares in the last quarter. Allworth Financial LP boosted its holdings in Bunge Global by 32.3% in the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after buying an additional 194 shares during the last quarter. Abbot Financial Management Inc. increased its stake in 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 in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Bunge Global by 15.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock valued at $129,000 after acquiring an additional 225 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BG. Barclays lowered their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America reduced their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Finally, Morgan Stanley lowered their price target 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 equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $93.00.

Bunge Global Trading Up 4.3 %

Shares of BG traded up $3.13 during midday trading on Friday, reaching $76.36. The company had a trading volume of 1,965,579 shares, compared to its average volume of 1,593,206. Bunge Global SA has a 1-year low of $67.40 and a 1-year 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 50 day simple moving average of $73.11 and a 200-day simple moving average of $81.17. The stock has a market cap of $10.23 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59.

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

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.