Integrated Quantitative Investments LLC Purchases New Position in Bunge Global SA (NYSE:BG)

Integrated Quantitative Investments LLC acquired a new position in shares of Bunge Global SA (NYSE:BG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,800 shares of the basic materials company’s stock, valued at approximately $295,000.

Several other hedge funds also recently modified their holdings of BG. Pacer Advisors Inc. lifted its position in Bunge Global by 13,459.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after buying an additional 2,934,656 shares in the last quarter. Norges Bank acquired a new position in shares of Bunge Global during the fourth quarter worth approximately $148,857,000. State Street Corp lifted its position 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 purchasing an additional 500,897 shares in the last quarter. Amundi boosted its position in Bunge Global by 24.9% in the 4th quarter. Amundi now owns 2,457,864 shares of the basic materials company’s stock valued at $190,476,000 after buying an additional 490,153 shares during the last quarter. Finally, SG Americas Securities LLC increased 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 worth $23,537,000 after purchasing an additional 191,999 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Down 6.3 %

Shares of BG stock opened at $73.30 on Friday. Bunge Global SA has a 12-month low of $67.40 and a 12-month 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 firm has a fifty day moving average of $73.69 and a 200-day moving average of $82.28. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 2.66 and a beta of 0.59.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stephens dropped their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley reduced their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Barclays lowered their price target on 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, Bank of America dropped their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Three investment 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 company’s stock. According to data from MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Company 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.