Ruffer LLP Acquires Shares of 108,214 Bunge Global SA (NYSE:BG)

Ruffer LLP acquired a new stake in shares of Bunge Global SA (NYSE:BG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 108,214 shares of the basic materials company’s stock, valued at approximately $8,414,000. Ruffer LLP owned approximately 0.08% of Bunge Global at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Spire Wealth Management purchased a new stake in shares of Bunge Global in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Bunge Global during the third quarter valued at approximately $34,000. Crews Bank & Trust acquired a new position in Bunge Global during the fourth quarter valued at approximately $39,000. Farther Finance Advisors LLC grew its holdings in Bunge Global by 40.1% during the third 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 acquired a new stake in shares of Bunge Global in the fourth quarter worth $45,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Bunge Global stock opened at $75.68 on Friday. The firm has a market capitalization of $10.14 billion, a P/E ratio of 9.37, a PEG ratio of 2.66 and a beta of 0.67. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The business has a 50-day moving average of $75.16 and a 200-day moving average of $85.59. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) 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 analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Bank of America cut their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Stephens cut their price objective on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, Barclays cut their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Three investment 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

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.