Personal CFO Solutions LLC Buys Shares of 7,081 Bunge Global SA (NYSE:BG)

Personal CFO Solutions LLC acquired a new stake in Bunge Global SA (NYSE:BG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,081 shares of the basic materials company’s stock, valued at approximately $551,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in shares of Bunge Global by 13,459.9% during 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 during the last quarter. Ilex Capital Partners UK LLP purchased a new position in Bunge Global during the 3rd quarter worth $54,330,000. State Street Corp increased its stake in shares of 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 worth $681,467,000 after acquiring an additional 500,897 shares during the period. Amundi raised its holdings in Bunge Global by 24.9% during the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company’s stock worth $190,476,000 after purchasing an additional 490,153 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position 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 valued at $23,537,000 after purchasing an additional 191,999 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of BG opened at $75.68 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The company’s 50 day moving average price is $75.16 and its 200 day moving average price is $85.51. The company has a market capitalization of $10.14 billion, a PE ratio of 9.37, a PEG ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Research analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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