Entropy Technologies LP Takes $1.16 Million Position in Bunge Global SA (NYSE:BG)

Entropy Technologies LP purchased a new stake in shares of Bunge Global SA (NYSE:BG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,925 shares of the basic materials company’s stock, valued at approximately $1,161,000.

Several other large investors have also made changes to their positions in the company. Pacer Advisors Inc. raised its holdings 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 purchasing an additional 2,934,656 shares during the last quarter. Ilex Capital Partners UK LLP bought a new stake in shares of Bunge Global during the third quarter worth approximately $54,330,000. State Street Corp lifted its holdings in Bunge Global by 7.6% in the third 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 during the period. SG Americas Securities LLC boosted its stake in Bunge Global by 173.5% in the fourth quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company’s stock valued at $23,537,000 after acquiring an additional 191,999 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in Bunge Global by 1,585.3% in the third quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company’s stock valued at $17,782,000 after acquiring an additional 173,082 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Down 0.7 %

Shares of NYSE BG opened at $69.10 on Tuesday. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 8.55 and a beta of 0.69. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average is $78.94 and its 200-day moving average is $89.25.

Bunge Global (NYSE:BG) last posted 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%. Equities research analysts predict that Bunge Global SA will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BG. Stephens cut their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays cut their target price on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $107.50.

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.