Bryce Point Capital LLC Buys Shares of 6,105 Bunge Global SA (NYSE:BG)

Bryce Point Capital LLC purchased a new stake in Bunge Global SA (NYSE:BG) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 6,105 shares of the basic materials company’s stock, valued at approximately $475,000.

A number of other hedge funds have also recently made changes to their positions in BG. Pacer Advisors Inc. raised its holdings in Bunge Global by 13,459.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after purchasing an additional 2,934,656 shares in the last quarter. Norges Bank bought a new position in shares of Bunge Global during the 4th quarter worth approximately $148,857,000. State Street Corp lifted its position in Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after acquiring an additional 500,897 shares during the last quarter. Amundi boosted its stake in Bunge Global by 24.9% in the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company’s stock valued at $190,476,000 after acquiring an additional 490,153 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Bunge Global by 173.5% in the fourth quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company’s stock worth $23,537,000 after purchasing an additional 191,999 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Stock Down 6.3 %

Shares of BG stock opened at $73.30 on Friday. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The firm has a market capitalization of $9.82 billion, a PE ratio of 9.07, a P/E/G ratio of 2.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The stock’s 50-day simple moving average is $73.69 and its 200-day simple moving average is $82.38.

Bunge Global (NYSE:BG) last issued 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 return on equity of 11.73% and a net margin of 2.14%. Equities analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BG. Barclays decreased their price objective 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. Stephens lowered their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley cut their price objective on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Finally, Bank of America lowered their target price 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 investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

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.