Bunge Global SA (NYSE:BG) is Old West Investment Management LLC's 8th Largest Position

Old West Investment Management LLC boosted its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,414 shares of the basic materials company's stock after buying an additional 4,371 shares during the quarter. Bunge Global makes up 3.9% of Old West Investment Management LLC's portfolio, making the stock its 8th largest position. Old West Investment Management LLC owned 0.09% of Bunge Global worth $9,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Spire Wealth Management bought a new position in shares of Bunge Global during the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Bunge Global in the third quarter valued at about $34,000. Crews Bank & Trust acquired a new stake in Bunge Global in the fourth quarter worth about $39,000. R Squared Ltd purchased a new stake in shares of Bunge Global during the fourth quarter worth about $45,000. Finally, Financial Perspectives Inc raised its position 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 during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BG has been the subject of a number of research analyst reports. Stephens decreased their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley lowered their price objective on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Bank of America reduced their price target 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 dropped their target price on shares of 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 investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.00.

Bunge Global Price Performance

BG traded down $0.62 on Thursday, hitting $73.67. 625,998 shares of the company's stock were exchanged, compared to its average volume of 1,584,235. The firm has a 50-day moving average price of $73.12 and a 200-day moving average price of $81.46. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 2.66 and a beta of 0.59. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 EPS 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%. As a group, equities analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current 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.