Bridgefront Capital LLC Boosts Holdings in Bunge Global SA (NYSE:BG)

Bridgefront Capital LLC lifted its stake in Bunge Global SA (NYSE:BG - Free Report) by 555.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,206 shares of the basic materials company's stock after buying an additional 13,734 shares during the period. Bridgefront Capital LLC's holdings in Bunge Global were worth $1,260,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Captrust Financial Advisors grew its stake in shares of Bunge Global by 19.0% in the fourth quarter. Captrust Financial Advisors now owns 4,899 shares of the basic materials company's stock worth $381,000 after purchasing an additional 783 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Bunge Global by 4.9% in the 4th quarter. Baird Financial Group Inc. now owns 22,000 shares of the basic materials company's stock worth $1,711,000 after buying an additional 1,018 shares during the last quarter. Baker Avenue Asset Management LP raised its holdings in shares of Bunge Global by 2.8% during the fourth quarter. Baker Avenue Asset Management LP now owns 285,040 shares of the basic materials company's stock valued at $22,165,000 after acquiring an additional 7,812 shares in the last quarter. American Trust Investment Advisors LLC lifted its stake in Bunge Global by 3.7% in the fourth quarter. American Trust Investment Advisors LLC now owns 66,314 shares of the basic materials company's stock worth $5,157,000 after acquiring an additional 2,380 shares during the period. Finally, DoubleLine ETF Adviser LP lifted its stake in Bunge Global by 2.4% in the fourth quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock worth $615,000 after acquiring an additional 183 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on BG shares. Stephens decreased their price objective on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday. Morgan Stanley lowered their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Citigroup upped their target price on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Bank of America dropped their price target on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Finally, Barclays lowered their price objective 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $81.60.

Bunge Global Stock Up 1.5 %

Shares of BG stock traded up $1.13 during mid-day trading on Friday, hitting $77.40. The company's stock had a trading volume of 1,822,860 shares, compared to its average volume of 1,593,936. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 2.66 and a beta of 0.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The business has a 50-day moving average price of $76.05 and a 200 day moving average price of $78.92.

Bunge Global (NYSE:BG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The business had revenue of $11.64 billion for the quarter, compared to analysts' expectations of $13.18 billion. During the same quarter in the prior year, the business earned $3.04 EPS. The business's revenue for the quarter was down 13.2% compared to the same quarter last year. Research analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

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.