GAMMA Investing LLC Invests $62,000 in Bunge Global SA (NYSE:BG)

GAMMA Investing LLC purchased a new position in shares of Bunge Global SA (NYSE:BG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 613 shares of the basic materials company’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in Bunge Global by 69.4% in the fourth quarter. Nordea Investment Management AB now owns 75,691 shares of the basic materials company’s stock valued at $7,621,000 after acquiring an additional 30,999 shares during the last quarter. SG Americas Securities LLC raised its position in Bunge Global by 423.6% in the 4th quarter. SG Americas Securities LLC now owns 52,247 shares of the basic materials company’s stock valued at $5,274,000 after buying an additional 42,268 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in Bunge Global in the 3rd quarter valued at $2,706,000. Asset Management One Co. Ltd. raised its position in Bunge Global by 53.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 91,657 shares of the basic materials company’s stock valued at $9,314,000 after buying an additional 32,020 shares during the last quarter. Finally, New York State Teachers Retirement System raised its position in Bunge Global by 11.4% in the 4th quarter. New York State Teachers Retirement System now owns 153,620 shares of the basic materials company’s stock valued at $15,508,000 after buying an additional 15,675 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BG has been the subject of a number of analyst reports. Robert W. Baird lowered their price target 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. HSBC raised Bunge Global from a “hold” rating to a “buy” rating and lowered their price target for the company from $122.00 to $105.00 in a research report on Friday, February 9th. Roth Mkm lowered their price target on Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, February 5th. StockNews.com lowered Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, BMO Capital Markets lowered their price target 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. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

Bunge Global Stock Performance

NYSE:BG opened at $100.95 on Thursday. The business’s 50-day moving average price is $99.94 and its two-hundred day moving average price is $99.96. Bunge Global SA has a twelve month low of $86.10 and a twelve month high of $116.59. The stock has a market cap of $14.29 billion, a P/E ratio of 8.13 and a beta of 0.64. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.35.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.49. The company had revenue of $13.42 billion for the quarter, compared to analysts’ expectations of $13.96 billion. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. Bunge Global’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period last year, the firm posted $3.26 EPS. As a group, equities analysts predict that Bunge Global SA will post 9.03 EPS for the current fiscal year.

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.