Levin Capital Strategies L.P. Has $825,000 Holdings in Bunge Global SA (NYSE:BG)

Levin Capital Strategies L.P. raised its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 130.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,605 shares of the basic materials company's stock after purchasing an additional 6,000 shares during the quarter. Levin Capital Strategies L.P.'s holdings in Bunge Global were worth $825,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in shares of Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company's stock worth $681,467,000 after acquiring an additional 500,897 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Bunge Global by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company's stock valued at $329,697,000 after acquiring an additional 45,159 shares during the period. Pacer Advisors Inc. raised its stake in shares of Bunge Global by 13,459.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after buying an additional 2,934,656 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Bunge Global by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company's stock worth $139,608,000 after buying an additional 50,615 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Bunge Global by 5.2% during the fourth quarter. Bank of New York Mellon Corp now owns 840,587 shares of the basic materials company's stock worth $65,364,000 after purchasing an additional 41,884 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

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Bunge Global Price Performance

Bunge Global stock traded up $0.02 during mid-day trading on Wednesday, hitting $71.72. 1,406,653 shares of the company were exchanged, compared to its average volume of 1,489,360. The company has a market capitalization of $9.61 billion, a P/E ratio of 8.88, a PEG ratio of 2.66 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The business's 50 day simple moving average is $75.42 and its two-hundred day simple moving average is $85.97.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on BG. Stephens dropped their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Morgan Stanley decreased their price target on 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. Bank of America decreased their target price on 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 reduced their price target on 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 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $93.00.

Bunge Global 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.