Stephens Inc. AR Grows Stock Position in Bunge Global SA (NYSE:BG)

Stephens Inc. AR lifted its stake in Bunge Global SA (NYSE:BG - Free Report) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,286 shares of the basic materials company's stock after purchasing an additional 7,996 shares during the quarter. Stephens Inc. AR owned 0.09% of Bunge Global worth $12,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Altshuler Shaham Ltd purchased a new position in Bunge Global in the 2nd quarter worth about $28,000. Blue Trust Inc. raised its position in Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company's stock worth $30,000 after buying an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in Bunge Global by 185.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company's stock worth $33,000 after buying an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Bunge Global in the 2nd quarter worth about $40,000. Finally, Atlas Capital Advisors LLC raised its position in Bunge Global by 261.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company's stock worth $41,000 after buying an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Bunge Global Price Performance

BG stock traded down $1.40 during midday trading on Friday, hitting $82.62. The company's stock had a trading volume of 3,148,107 shares, compared to its average volume of 1,523,593. Bunge Global SA has a 12 month low of $82.45 and a 12 month high of $114.92. The company has a quick ratio of 0.97, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 10.46 and a beta of 0.64. The company has a 50 day moving average of $95.66 and a two-hundred day moving average of $101.67.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.11. The business had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.68 billion. Bunge Global had a return on equity of 13.71% and a net margin of 2.11%. On average, analysts expect that Bunge Global SA will post 9.35 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Bunge Global from a "buy" rating to a "neutral" rating and reduced their price target for the company from $125.00 to $114.00 in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Bunge Global presently has a consensus rating of "Moderate Buy" and an average price target of $118.00.

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.