Proficio Capital Partners LLC Invests $2.25 Million in Bunge Global SA (NYSE:BG)

Proficio Capital Partners LLC bought a new position in shares of Bunge Global SA (NYSE:BG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,980 shares of the basic materials company's stock, valued at approximately $2,253,000.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake 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 acquiring an additional 2,934,656 shares during the last quarter. Ilex Capital Partners UK LLP bought a new stake in shares of Bunge Global during the third quarter worth $54,330,000. 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 buying an additional 500,897 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Bunge Global by 173.5% during the fourth quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company's stock worth $23,537,000 after buying an additional 191,999 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in shares of Bunge Global by 1,585.3% during the third quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company's stock worth $17,782,000 after purchasing an additional 173,082 shares during the period. 86.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BG has been the topic of a number of recent research reports. Stephens cut their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley cut their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Barclays cut their price target 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. Finally, Bank of America cut their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Bunge Global presently has an average rating of "Moderate Buy" and an average price target of $93.00.

Bunge Global Price Performance

BG stock opened at $71.72 on Thursday. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 2.66 and a beta of 0.69. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company's fifty day simple moving average is $75.42 and its 200 day simple moving average is $85.97.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

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.

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