SVB Wealth LLC Purchases 262 Shares of Bunge Global SA (NYSE:BG)

SVB Wealth LLC lifted its position in Bunge Global SA (NYSE:BG) by 14.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,127 shares of the basic materials company’s stock after purchasing an additional 262 shares during the period. SVB Wealth LLC’s holdings in Bunge Global were worth $215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Loomis Sayles & Co. L P grew its holdings in shares of Bunge Global by 169.8% in the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 146 shares during the last quarter. Rise Advisors LLC lifted its stake in Bunge Global by 40.6% in the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 117 shares during the period. Ramirez Asset Management Inc. purchased a new stake in Bunge Global in the third quarter worth $54,000. Harvest Fund Management Co. Ltd lifted its stake in Bunge Global by 24.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 115 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Bunge Global in the third quarter worth $69,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

BG opened at $109.75 on Tuesday. The stock has a 50-day moving average price of $98.27 and a 200-day moving average price of $99.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.13 and a quick ratio of 1.20. The firm has a market cap of $15.47 billion, a PE ratio of 7.37 and a beta of 0.64. Bunge Global SA has a 1 year low of $86.10 and a 1 year high of $116.59.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.89. The firm had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.96 billion. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. Bunge Global’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.24 EPS. Sell-side analysts predict that Bunge Global SA will post 9.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BG has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price target on Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. Roth Mkm dropped their price target on Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, February 5th. BMO Capital Markets lowered their price objective on Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. StockNews.com lowered Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Robert W. Baird lowered their price objective on Bunge Global from $125.00 to $108.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.44.

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.