Bunge Global SA (NYSE:BG) Holdings Lifted by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its stake in shares of Bunge Global SA (NYSE:BG) by 25.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,018 shares of the basic materials company’s stock after acquiring an additional 1,239 shares during the period. NEOS Investment Management LLC’s holdings in Bunge Global were worth $468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BG. Elo Mutual Pension Insurance Co grew its stake in shares of Bunge Global by 36.7% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 17,281 shares of the basic materials company’s stock valued at $1,344,000 after buying an additional 4,639 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Bunge Global in the 4th quarter valued at $709,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Bunge Global by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 283,530 shares of the basic materials company’s stock worth $21,911,000 after purchasing an additional 21,338 shares during the period. Korea Investment CORP increased its position in Bunge Global by 108.4% in the 4th quarter. Korea Investment CORP now owns 106,708 shares of the basic materials company’s stock worth $8,298,000 after buying an additional 55,500 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in Bunge Global by 3.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 170 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BG shares. Barclays lowered their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Morgan Stanley dropped their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Bank of America cut their price objective 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. Finally, Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $76.49 on Monday. The firm has a fifty day moving average of $73.86 and a two-hundred day moving average of $82.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 2.66 and a beta of 0.67. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92.

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 analysts’ consensus estimates 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 research analysts predict that Bunge Global SA will post 7.94 EPS for the current 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.