Optimize Financial Inc Takes Position in Bunge Global SA (NYSE:BG)

Optimize Financial Inc acquired a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,632 shares of the basic materials company's stock, valued at approximately $360,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management purchased a new position in shares of Bunge Global during the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new position in Bunge Global during the 3rd quarter valued at $34,000. Crews Bank & Trust purchased a new position in Bunge Global during the fourth quarter valued at $39,000. R Squared Ltd bought a new stake in Bunge Global in the fourth quarter worth $45,000. Finally, Financial Perspectives Inc boosted its stake in Bunge Global by 585.0% during 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 institutional investors and hedge funds.

Bunge Global Stock Up 3.3 %

BG stock traded up $2.53 during trading on Friday, reaching $78.91. The stock had a trading volume of 1,583,532 shares, compared to its average volume of 1,590,514. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average price of $73.73 and a 200 day moving average price of $80.74. The company has a market capitalization of $10.57 billion, a P/E ratio of 9.77, a PEG ratio of 2.66 and a beta of 0.59. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (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%. On average, equities analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BG shares. Bank of America lowered their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Citigroup raised their target price on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday. Stephens reduced their target price on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Morgan Stanley dropped their target price 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. Finally, Barclays cut their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bunge Global presently has an average rating of "Moderate Buy" and a consensus target price of $85.60.

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.