KLP Kapitalforvaltning AS Acquires Shares of 103,499 Bunge Global SA (NYSE:BG)

KLP Kapitalforvaltning AS purchased a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 103,499 shares of the basic materials company's stock, valued at approximately $8,067,000. KLP Kapitalforvaltning AS owned about 0.07% of Bunge Global as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Spire Wealth Management bought a new stake in shares of Bunge Global during the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global in the 3rd quarter worth approximately $34,000. Crews Bank & Trust purchased a new position in shares of Bunge Global during the fourth quarter worth approximately $39,000. R Squared Ltd purchased a new position in shares of Bunge Global during the fourth quarter worth approximately $45,000. Finally, Financial Perspectives Inc boosted its stake in shares of Bunge Global by 585.0% in the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 585 shares in the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Trading Down 0.0 %

Shares of Bunge Global stock traded down $0.01 during trading on Friday, reaching $76.49. 1,219,465 shares of the stock were exchanged, compared to its average volume of 1,563,941. The stock's fifty day moving average is $73.86 and its 200 day moving average is $83.07. The firm has a market cap of $10.25 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. 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 1 year low of $67.40 and a 1 year high of $114.92.

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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 earnings per share (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%. As a group, equities research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on BG shares. Stephens decreased their target price on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Morgan Stanley decreased their price objective on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. 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. Finally, 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 research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bunge Global currently has a consensus rating of "Moderate Buy" and a consensus target price 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.