Bunge Global SA (NYSE:BG) Shares Purchased by Jump Financial LLC

Jump Financial LLC grew its stake in Bunge Global SA (NYSE:BG - Free Report) by 866.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,053 shares of the basic materials company's stock after purchasing an additional 41,288 shares during the quarter. Jump Financial LLC's holdings in Bunge Global were worth $3,581,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BG. Pacer Advisors Inc. grew its position in shares of Bunge Global by 13,459.9% in 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 period. Norges Bank purchased a new position in shares of Bunge Global in the fourth quarter worth about $148,857,000. Invesco Ltd. lifted its stake in shares of Bunge Global by 28.6% in the fourth quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after buying an additional 713,561 shares in the last quarter. FMR LLC lifted its stake in shares of Bunge Global by 25.3% in the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock worth $269,488,000 after buying an additional 699,889 shares in the last quarter. Finally, Amundi lifted its stake in shares of Bunge Global by 24.9% in the fourth 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. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BG shares. Citigroup raised their price target on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Morgan Stanley decreased 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 note on Tuesday, February 11th. Barclays reduced 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 note on Thursday, February 6th. 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 research note on Tuesday, February 11th. Finally, Stephens reduced their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Three investment 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. Based on data from MarketBeat.com, Bunge Global has a consensus rating of "Moderate Buy" and an average target price of $85.60.

Bunge Global Trading Down 1.2 %

BG stock traded down $0.97 during trading on Wednesday, reaching $79.12. 306,520 shares of the stock were exchanged, compared to its average volume of 1,721,284. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 2.66 and a beta of 0.59. The business has a 50 day moving average price of $74.31 and a 200-day moving average price of $80.24. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. On average, research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current 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.