National Bank of Canada FI Buys 64,920 Shares of Bunge Global SA (NYSE:BG)

National Bank of Canada FI grew its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 175.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,862 shares of the basic materials company's stock after buying an additional 64,920 shares during the quarter. National Bank of Canada FI owned 0.07% of Bunge Global worth $7,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BG. Spire Wealth Management purchased a new stake in shares of Bunge Global during the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global in the 3rd quarter valued at about $34,000. Crews Bank & Trust purchased a new stake in Bunge Global during the fourth quarter valued at about $39,000. R Squared Ltd bought a new position in Bunge Global during the fourth quarter worth about $45,000. Finally, Financial Perspectives Inc increased its stake in shares of Bunge Global by 585.0% in the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $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 1.8 %

Shares of Bunge Global stock traded down $1.36 on Thursday, hitting $72.93. The stock had a trading volume of 260,707 shares, compared to its average volume of 1,582,795. The stock's 50-day simple moving average is $73.12 and its two-hundred day simple moving average is $81.46. Bunge Global SA has a one year low of $67.40 and a one 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 stock has a market cap of $9.77 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 2.66 and a beta of 0.59.

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 for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. As a group, sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on BG shares. Barclays cut their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Morgan Stanley reduced their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Stephens lowered their price objective on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, Bank of America decreased 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 report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Bunge Global currently has an average rating of "Moderate Buy" and an average target price of $93.00.

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.