Foster & Motley Inc. Has $2.28 Million Stock Position in Bunge Global SA (NYSE:BG)

Foster & Motley Inc. increased its stake in shares of Bunge Global SA (NYSE:BG) by 49.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,577 shares of the basic materials company’s stock after acquiring an additional 7,480 shares during the quarter. Foster & Motley Inc.’s holdings in Bunge Global were worth $2,279,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. C M Bidwell & Associates Ltd. grew its holdings in shares of Bunge Global by 4.3% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,393 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 99 shares in the last quarter. Atria Investments Inc boosted its stake in Bunge Global by 0.8% during the third quarter. Atria Investments Inc now owns 13,458 shares of the basic materials company’s stock worth $1,457,000 after buying an additional 104 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Bunge Global by 0.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 32,189 shares of the basic materials company’s stock valued at $3,484,000 after buying an additional 108 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of Bunge Global by 24.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company’s stock valued at $63,000 after buying an additional 115 shares in the last quarter. Finally, Rise Advisors LLC lifted its holdings in shares of Bunge Global by 40.6% during the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 117 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on BG shares. Robert W. Baird lowered their target price on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. The Goldman Sachs Group decreased their price objective on Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Citigroup increased their target price on Bunge Global from $108.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Roth Mkm cut their target price on Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Finally, Wolfe Research cut Bunge Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.44.

Bunge Global Trading Down 0.0 %

Shares of BG opened at $109.73 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 2.13. The company has a market cap of $15.47 billion, a price-to-earnings ratio of 7.37 and a beta of 0.64. The stock has a fifty day moving average price of $98.27 and a two-hundred day moving average price of $99.89. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59.

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

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.