Lecap Asset Management Ltd. Has $1.71 Million Stock Position in Bunge Global SA (NYSE:BG)

Lecap Asset Management Ltd. raised its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 63.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,982 shares of the basic materials company's stock after buying an additional 8,510 shares during the period. Lecap Asset Management Ltd.'s holdings in Bunge Global were worth $1,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning raised its holdings in shares of Bunge Global by 19.1% during the 2nd quarter. Creative Planning now owns 6,906 shares of the basic materials company's stock worth $737,000 after acquiring an additional 1,108 shares in the last quarter. Cetera Investment Advisers increased its holdings in Bunge Global by 2.1% during the second quarter. Cetera Investment Advisers now owns 19,101 shares of the basic materials company's stock valued at $2,039,000 after buying an additional 402 shares during the period. AMF Tjanstepension AB raised its holdings in Bunge Global by 59.3% in the third quarter. AMF Tjanstepension AB now owns 106,384 shares of the basic materials company's stock worth $10,281,000 after purchasing an additional 39,600 shares in the last quarter. Czech National Bank lifted its position in Bunge Global by 6.9% during the third quarter. Czech National Bank now owns 28,855 shares of the basic materials company's stock valued at $2,789,000 after acquiring an additional 1,872 shares during the last quarter. Finally, Mather Group LLC. boosted its holdings in Bunge Global by 153.3% in the third quarter. Mather Group LLC. now owns 2,135 shares of the basic materials company's stock worth $206,000 after acquiring an additional 1,292 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on BG. Barclays dropped 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. Morgan Stanley reduced their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research report on Tuesday. Bank of America lowered their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Stephens dropped their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $98.50.

Bunge Global Price Performance

Shares of BG traded up $0.79 during mid-day trading on Tuesday, reaching $69.95. 954,443 shares of the company's stock were exchanged, compared to its average volume of 1,611,204. The company has a 50-day simple moving average of $78.94 and a two-hundred day simple moving average of $89.25. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 8.66 and a beta of 0.69. The company has a quick ratio of 1.10, 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 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, sell-side analysts predict that Bunge Global SA will post 7.75 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.