Bunge Global SA (NYSE:BG) Shares Acquired by Stevens Capital Management LP

Stevens Capital Management LP increased its position in Bunge Global SA (NYSE:BG) by 411.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,271 shares of the basic materials company’s stock after acquiring an additional 9,068 shares during the period. Stevens Capital Management LP’s holdings in Bunge Global were worth $876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Spire Wealth Management acquired a new stake in shares of Bunge Global in the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bunge Global in the 3rd quarter worth approximately $34,000. Crews Bank & Trust acquired a new stake in shares of Bunge Global in the 4th quarter worth approximately $39,000. R Squared Ltd acquired a new stake in shares of Bunge Global in the 4th quarter worth approximately $45,000. Finally, Financial Perspectives Inc grew its holdings in Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after buying an additional 585 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Down 0.9 %

Shares of BG opened at $73.29 on Friday. 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 firm has a market capitalization of $9.82 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The stock’s fifty day simple moving average is $74.44 and its 200 day simple moving average is $83.82. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays lowered their target price on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Morgan Stanley lowered their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Stephens lowered their target price on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, Bank of America lowered their target price on 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 issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

About Bunge Global

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.