Horizon Kinetics Asset Management LLC Purchases 49,046 Shares of Bunge Global SA (NYSE:BG)

Horizon Kinetics Asset Management LLC grew its position in Bunge Global SA (NYSE:BG) by 18.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 319,121 shares of the basic materials company’s stock after buying an additional 49,046 shares during the period. Horizon Kinetics Asset Management LLC owned 0.23% of Bunge Global worth $24,815,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BG. Spire Wealth Management acquired a new stake in Bunge Global in the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global in the 3rd quarter worth approximately $34,000. Crews Bank & Trust acquired a new stake in Bunge Global in the 4th quarter worth approximately $39,000. R Squared Ltd acquired a new stake in Bunge Global in the 4th quarter worth approximately $45,000. Finally, Financial Perspectives Inc boosted its stake in Bunge Global by 585.0% in the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 585 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BG. Stephens lowered their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays reduced their price target on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Morgan Stanley reduced 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 report on Tuesday, February 11th. Finally, Bank of America reduced their price target on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Price Performance

NYSE:BG opened at $74.01 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The company has a 50 day moving average price of $74.84 and a 200-day moving average price of $84.63. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92.

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 net margin of 2.14% and a return on equity of 11.73%. Equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current 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.