Bunge Global SA (NYSE:BG) Shares Bought by Waterfront Wealth Inc.

Waterfront Wealth Inc. lifted its stake in Bunge Global SA (NYSE:BG - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,149 shares of the basic materials company's stock after acquiring an additional 4,309 shares during the period. Waterfront Wealth Inc.'s holdings in Bunge Global were worth $1,334,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BG. Pacer Advisors Inc. raised its position in shares of Bunge Global by 13,459.9% in 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 in the last quarter. Ilex Capital Partners UK LLP bought a new position in shares of Bunge Global in the 3rd quarter worth $54,330,000. State Street Corp increased its position in 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 valued at $681,467,000 after buying an additional 500,897 shares in the last quarter. SG Americas Securities LLC increased its position in Bunge Global by 173.5% during 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 buying an additional 191,999 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its position in Bunge Global by 1,585.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company's stock valued at $17,782,000 after buying an additional 173,082 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Performance

Shares of BG traded up $1.86 during mid-day trading on Friday, reaching $73.12. The company had a trading volume of 2,081,319 shares, compared to its average volume of 1,701,031. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. 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 stock has a market capitalization of $10.21 billion, a P/E ratio of 9.05, a PEG ratio of 2.59 and a beta of 0.69. The stock has a 50 day moving average of $76.30 and a two-hundred day moving average of $87.24.

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

Analysts Set New Price Targets

BG has been the topic of several recent analyst reports. Morgan Stanley reduced 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. Barclays reduced 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. Stephens cut their price objective on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, Bank of America cut their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Four investment 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 company's stock. Based on data from MarketBeat, Bunge Global has an average rating of "Moderate Buy" and a consensus 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.