Aigen Investment Management LP Boosts Stock Position in Bunge Global SA (NYSE:BG)

Aigen Investment Management LP boosted its holdings in shares of Bunge Global SA (NYSE:BG) by 367.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,644 shares of the basic materials company’s stock after acquiring an additional 17,797 shares during the period. Aigen Investment Management LP’s holdings in Bunge Global were worth $1,761,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Spire Wealth Management purchased a new stake in shares of Bunge Global during the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global during the third quarter worth approximately $34,000. Crews Bank & Trust purchased a new stake in Bunge Global during the fourth quarter valued at approximately $39,000. Farther Finance Advisors LLC lifted its stake in shares of Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 124 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Bunge Global in the 4th quarter worth approximately $45,000. Institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

BG has been the subject of several recent analyst reports. Barclays dropped their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Morgan Stanley dropped their price target on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Stephens reduced their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Bank of America decreased their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average price target of $93.00.

Bunge Global Trading Down 0.3 %

BG stock opened at $71.62 on Wednesday. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The firm’s 50-day moving average is $75.42 and its 200 day moving average is $85.97. The company has a market capitalization of $9.59 billion, a PE ratio of 8.86, a P/E/G ratio of 2.66 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27.

Bunge Global (NYSE:BG) last posted its quarterly 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 net margin of 2.14% and a return on equity of 11.73%. On average, research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Company 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.