Sei Investments Co. Has $6.55 Million Stock Holdings in Bunge Global SA (NYSE:BG)

Sei Investments Co. grew its stake in shares of Bunge Global SA (NYSE:BG) by 24.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,181 shares of the basic materials company’s stock after purchasing an additional 16,764 shares during the quarter. Sei Investments Co. owned about 0.06% of Bunge Global worth $6,546,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in Bunge Global by 9.5% in the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company’s stock valued at $18,815,000 after purchasing an additional 20,942 shares during the last quarter. Virtu Financial LLC lifted its position in shares of Bunge Global by 53.4% in the fourth quarter. Virtu Financial LLC now owns 9,848 shares of the basic materials company’s stock valued at $766,000 after buying an additional 3,429 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Bunge Global by 897.7% during the 4th quarter. Quantbot Technologies LP now owns 77,560 shares of the basic materials company’s stock worth $6,031,000 after acquiring an additional 69,786 shares during the last quarter. Summit Global Investments bought a new stake in Bunge Global in the 4th quarter valued at $4,750,000. Finally, Magnetar Financial LLC acquired a new stake in Bunge Global during the 4th quarter valued at $2,799,000. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BG shares. Stephens dropped their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Barclays lowered their price target 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. 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 report on Tuesday, February 11th. Finally, Morgan Stanley lowered their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Three equities research 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. According to MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Stock Performance

Shares of NYSE:BG opened at $76.52 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company’s 50 day moving average price is $73.80 and its two-hundred day moving average price is $82.75. The firm has a market cap of $10.25 billion, a PE ratio of 9.47, a PEG ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG) last posted its quarterly earnings data 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%. Equities research analysts predict that Bunge Global SA will post 7.94 earnings per share 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.