Virtu Financial LLC Boosts Stock Position in Bunge Global SA (NYSE:BG)

Virtu Financial LLC raised its position in shares of Bunge Global SA (NYSE:BG) by 53.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,848 shares of the basic materials company’s stock after buying an additional 3,429 shares during the quarter. Virtu Financial LLC’s holdings in Bunge Global were worth $766,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BG. Pacer Advisors Inc. boosted its position in shares of Bunge Global by 13,459.9% in the 4th 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 in the last quarter. Ilex Capital Partners UK LLP purchased a new stake in Bunge Global in the third quarter valued at about $54,330,000. State Street Corp boosted its holdings in Bunge Global by 7.6% in 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 in the last quarter. Amundi grew its stake in shares of 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 acquiring an additional 490,153 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Bunge Global by 173.5% during 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 acquiring an additional 191,999 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Down 0.7 %

NYSE:BG opened at $72.72 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The company’s fifty day moving average price is $74.26 and its 200-day moving average price is $83.52. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The firm has a market capitalization of $9.74 billion, a P/E ratio of 9.00, a PEG ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate 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 anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on BG shares. Morgan Stanley dropped their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Stephens dropped their price objective on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Barclays reduced their target price 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 lowered their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and a consensus 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.