Moran Wealth Management LLC Buys 40,622 Shares of Bunge Global SA (NYSE:BG)

Moran Wealth Management LLC grew its stake in shares of Bunge Global SA (NYSE:BG) by 571.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,730 shares of the basic materials company’s stock after buying an additional 40,622 shares during the period. Moran Wealth Management LLC’s holdings in Bunge Global were worth $3,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 124 shares during the last quarter. Caprock Group LLC increased its position in Bunge Global by 2.2% in the third quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock worth $722,000 after purchasing an additional 164 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in Bunge Global by 25.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 178 shares during the last quarter. Patton Albertson Miller Group LLC increased its position in Bunge Global by 0.3% in the third quarter. Patton Albertson Miller Group LLC now owns 56,444 shares of the basic materials company’s stock worth $5,455,000 after purchasing an additional 188 shares during the last quarter. Finally, Allworth Financial LP increased its position in Bunge Global by 32.3% in the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 194 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BG shares. Stephens reduced their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. 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 objective 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. Finally, Bank of America dropped 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Stock Up 0.9 %

NYSE BG opened at $76.30 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $75.14 and a two-hundred day moving average of $85.37. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 2.66 and a beta of 0.67. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts predict that Bunge Global SA will post 7.94 earnings per share 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.