Personal CFO Solutions LLC Acquires New Stake in Bunge Global SA (NYSE:BG)

Personal CFO Solutions LLC purchased a new position in shares of Bunge Global SA (NYSE:BG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,081 shares of the basic materials company's stock, valued at approximately $551,000.

A number of other large investors have also modified their holdings of the business. 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 boosted its position 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 buying an additional 45,159 shares during the last quarter. Pacer Advisors Inc. boosted its position in Bunge Global by 13,459.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock valued at $229,894,000 after buying an additional 2,934,656 shares during the last quarter. Amundi boosted its position in Bunge Global by 24.9% in the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock valued at $190,476,000 after buying an additional 490,153 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Bunge Global by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,502,083 shares of the basic materials company's stock valued at $116,802,000 after buying an additional 57,462 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

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Bunge Global Stock Performance

NYSE:BG traded up $0.33 during trading hours on Thursday, reaching $73.46. The company had a trading volume of 1,572,438 shares, compared to its average volume of 1,492,552. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The firm has a market cap of $9.84 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The business's 50 day moving average price is $74.99 and its 200-day moving average price is $85.12. 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 (NYSE:BG - Get Free Report) last announced 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%. Research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays dropped their target price 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. Bank of America dropped 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. 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, Stephens dropped their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.00.

Bunge Global Company 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.