Sumitomo Mitsui DS Asset Management Company Ltd Buys 445 Shares of Bunge Global SA (NYSE:BG)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Bunge Global SA (NYSE:BG) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,769 shares of the basic materials company’s stock after acquiring an additional 445 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Bunge Global were worth $1,226,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in shares of Bunge Global by 68.9% in the fourth quarter. State of Alaska Department of Revenue now owns 41,919 shares of the basic materials company’s stock worth $3,258,000 after buying an additional 17,100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Bunge Global by 20.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,935 shares of the basic materials company’s stock worth $1,396,000 after acquiring an additional 3,020 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Bunge Global by 4.0% during the 4th quarter. Yousif Capital Management LLC now owns 22,546 shares of the basic materials company’s stock valued at $1,753,000 after acquiring an additional 860 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Bunge Global in the fourth quarter valued at $26,000. Finally, Capital Insight Partners LLC increased its position in Bunge Global by 9.2% in the fourth quarter. Capital Insight Partners LLC now owns 9,185 shares of the basic materials company’s stock worth $714,000 after purchasing an additional 775 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on BG shares. Stephens lowered their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Barclays dropped their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Bank of America decreased their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley dropped their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.50.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $70.02 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average is $78.57 and its two-hundred day moving average is $88.94. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The company has a market capitalization of $9.78 billion, a PE ratio of 8.67 and a beta of 0.69.

Bunge Global (NYSE:BG) last posted its quarterly earnings results 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%. As a group, analysts expect that Bunge Global SA will post 7.75 earnings per share 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.