Ruffer LLP Invests $8.41 Million in Bunge Global SA (NYSE:BG)

Ruffer LLP purchased a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 108,214 shares of the basic materials company's stock, valued at approximately $8,414,000. Ruffer LLP owned about 0.08% of Bunge Global at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. lifted its position in Bunge Global by 13,459.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after acquiring an additional 2,934,656 shares during the period. Ilex Capital Partners UK LLP purchased a new stake in Bunge Global during the third quarter worth about $54,330,000. State Street Corp raised its stake in shares of Bunge Global by 7.6% during the 3rd 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. Amundi grew its holdings in Bunge Global by 24.9% during the 4th 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, SG Americas Securities LLC lifted its holdings in Bunge Global by 173.5% in the 4th quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company's stock valued at $23,537,000 after purchasing an additional 191,999 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Bunge Global Trading Up 0.5 %

NYSE:BG traded up $0.33 during trading hours on Thursday, hitting $73.46. 1,572,438 shares of the stock were exchanged, compared to its average volume of 1,492,552. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The company's 50 day moving average is $74.99 and its two-hundred day moving average is $85.12. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $9.84 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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, sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

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.