Quantbot Technologies LP Raises Stock Position in Bunge Global SA (NYSE:BG)

Quantbot Technologies LP increased its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 897.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,560 shares of the basic materials company's stock after purchasing an additional 69,786 shares during the period. Quantbot Technologies LP owned 0.06% of Bunge Global worth $6,031,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BG. Farther Finance Advisors LLC boosted its stake in Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 124 shares in the last quarter. Caprock Group LLC boosted its stake in Bunge Global by 2.2% in the third quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company's stock valued at $722,000 after acquiring an additional 164 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its stake in Bunge Global by 25.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after acquiring an additional 178 shares in the last quarter. Patton Albertson Miller Group LLC boosted its stake in Bunge Global by 0.3% in the third quarter. Patton Albertson Miller Group LLC now owns 56,444 shares of the basic materials company's stock valued at $5,455,000 after acquiring an additional 188 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Bunge Global by 32.3% in the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock valued at $62,000 after acquiring an additional 194 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

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Bunge Global Stock Performance

Shares of NYSE BG traded up $0.16 during midday trading on Tuesday, reaching $74.71. The company had a trading volume of 1,070,704 shares, compared to its average volume of 1,463,335. 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 business's 50-day simple moving average is $74.77 and its 200 day simple moving average is $84.44. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The stock has a market cap of $10.01 billion, a P/E ratio of 9.25, a P/E/G ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last issued 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 return on equity of 11.73% and a net margin of 2.14%. On average, analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on BG shares. Barclays lowered their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Morgan Stanley lowered their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Bank of America decreased their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Stephens decreased their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Bunge Global presently has a consensus rating of "Moderate Buy" and an average price target of $93.00.

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.