Schnieders Capital Management LLC Makes New Investment in Bunge Global SA (NYSE:BG)

Schnieders Capital Management LLC purchased a new position in shares of Bunge Global SA (NYSE:BG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,573 shares of the basic materials company’s stock, valued at approximately $361,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Bunge Global by 48.8% during the 3rd quarter. CWM LLC now owns 2,472 shares of the basic materials company’s stock valued at $268,000 after buying an additional 811 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Bunge Global by 12.3% during the 3rd quarter. SG Americas Securities LLC now owns 9,979 shares of the basic materials company’s stock valued at $1,080,000 after buying an additional 1,094 shares during the last quarter. RFG Advisory LLC purchased a new position in shares of Bunge Global during the 3rd quarter valued at about $242,000. Exchange Traded Concepts LLC raised its stake in shares of Bunge Global by 34.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,188 shares of the basic materials company’s stock valued at $562,000 after buying an additional 1,322 shares during the last quarter. Finally, Spectrum Asset Management Inc. NB CA raised its stake in shares of Bunge Global by 3.2% during the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 27,637 shares of the basic materials company’s stock valued at $2,992,000 after buying an additional 860 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Robert W. Baird reduced their price objective on Bunge Global from $125.00 to $108.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Barclays cut their price target on Bunge Global from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday, January 23rd. BMO Capital Markets cut their price target on Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. The Goldman Sachs Group cut their price target on Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. Finally, Citigroup lifted their price target on Bunge Global from $108.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $120.44.

Bunge Global Trading Down 3.5 %

Bunge Global stock traded down $3.83 during trading on Wednesday, reaching $105.79. 3,613,219 shares of the company were exchanged, compared to its average volume of 1,767,472. The stock’s 50 day simple moving average is $98.69 and its two-hundred day simple moving average is $99.94. The company has a market capitalization of $14.92 billion, a P/E ratio of 7.36 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.13 and a quick ratio of 1.20. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.89. The company had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.96 billion. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. Bunge Global’s revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.24 EPS. On average, equities research analysts expect that Bunge Global SA will post 9.26 earnings per share for the current fiscal year.

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.