Bunge Global SA (NYSE:BG) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its holdings in Bunge Global SA (NYSE:BG - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,055 shares of the basic materials company's stock after acquiring an additional 3,677 shares during the quarter. Stifel Financial Corp's holdings in Bunge Global were worth $3,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of BG. Meiji Yasuda Asset Management Co Ltd. increased its stake in Bunge Global by 3.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock valued at $351,000 after purchasing an additional 170 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in shares of Bunge Global by 25.4% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock worth $68,000 after purchasing an additional 178 shares in the last quarter. Allworth Financial LP raised its stake in shares of Bunge Global by 32.3% in the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after purchasing an additional 194 shares during the last quarter. Abbot Financial Management Inc. boosted its holdings in shares of Bunge Global by 0.9% during the 4th quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock valued at $1,786,000 after acquiring an additional 205 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Bunge Global by 15.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock worth $129,000 after buying an additional 225 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BG. Citigroup increased their price target on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Bank of America lowered their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Stephens cut their target price on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday. Barclays reduced their price target on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Morgan Stanley cut their target price on 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $81.60.

Bunge Global Price Performance

Shares of NYSE:BG traded down $0.31 during midday trading on Thursday, hitting $75.59. 357,642 shares of the stock were exchanged, compared to its average volume of 1,582,812. The stock has a market cap of $10.13 billion, a P/E ratio of 9.36, a PEG ratio of 2.66 and a beta of 0.68. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The company has a 50 day moving average price of $75.84 and a 200-day moving average price of $79.09. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, topping 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 firm had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. During the same quarter in the prior year, the business posted $3.04 earnings per share. Bunge Global's revenue for the quarter was down 13.2% compared to the same quarter last year. On average, research analysts forecast that Bunge Global SA will post 7.94 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.