US Bancorp DE Grows Stock Holdings in Bunge Global SA (NYSE:BG)

US Bancorp DE boosted its holdings in shares of Bunge Global SA (NYSE:BG) by 33.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,281 shares of the basic materials company’s stock after purchasing an additional 1,320 shares during the quarter. US Bancorp DE’s holdings in Bunge Global were worth $411,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Spire Wealth Management bought a new position in shares of Bunge Global in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global in the third quarter worth about $34,000. Farther Finance Advisors LLC grew its holdings in shares of 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. Crews Bank & Trust bought a new position in shares of Bunge Global in the fourth quarter worth about $39,000. Finally, R Squared Ltd bought a new position in shares of Bunge Global in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Down 1.6 %

NYSE BG opened at $73.21 on Thursday. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. 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 business’s fifty day simple moving average is $74.99 and its 200-day simple moving average is $85.12. The firm has a market cap of $9.81 billion, a PE ratio of 9.06, a P/E/G ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America dropped their target price on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Barclays dropped their target price on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Morgan Stanley lowered their price target 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. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.