Headlands Technologies LLC Acquires 11,856 Shares of Bunge Global SA (NYSE:BG)

Headlands Technologies LLC boosted its stake in Bunge Global SA (NYSE:BG) by 364.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,107 shares of the basic materials company’s stock after purchasing an additional 11,856 shares during the quarter. Headlands Technologies LLC’s holdings in Bunge Global were worth $1,175,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BG. Spire Wealth Management acquired a new position in shares of Bunge Global during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global in the 3rd quarter worth approximately $34,000. Crews Bank & Trust bought a new stake in Bunge Global during the fourth quarter valued at $39,000. R Squared Ltd bought a new stake in shares of Bunge Global during the 4th quarter valued at about $45,000. Finally, Financial Perspectives Inc boosted its holdings in shares of Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock worth $53,000 after buying an additional 585 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

NYSE:BG opened at $77.86 on Wednesday. The company has a market capitalization of $10.43 billion, a P/E ratio of 9.64, a P/E/G ratio of 2.66 and a beta of 0.67. The business has a fifty day simple moving average of $73.78 and a two-hundred day simple moving average of $82.61. 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 SA has a 1 year low of $67.40 and a 1 year high of $114.92.

Bunge Global (NYSE:BG) last announced its quarterly earnings data 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%. On average, analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BG shares. Bank of America reduced their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. 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. Morgan Stanley cut their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Finally, Stephens decreased their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average 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.