Stifel Financial Corp Raises Stock Position in Bunge Global SA (NYSE:BG)

Stifel Financial Corp grew its stake in Bunge Global SA (NYSE:BG - Free Report) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,055 shares of the basic materials company's stock after purchasing an additional 3,677 shares during the quarter. Stifel Financial Corp's holdings in Bunge Global were worth $3,348,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BG. Barclays PLC increased its position in Bunge Global by 17.2% in the third quarter. Barclays PLC now owns 454,722 shares of the basic materials company's stock worth $43,945,000 after buying an additional 66,681 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Bunge Global during the third quarter worth about $620,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Bunge Global during the 3rd quarter valued at $34,000. Synovus Financial Corp lifted its stake in Bunge Global by 16.5% during the third quarter. Synovus Financial Corp now owns 5,124 shares of the basic materials company's stock worth $495,000 after purchasing an additional 724 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Bunge Global by 16.9% in the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock worth $26,371,000 after buying an additional 39,646 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

Shares of NYSE:BG traded up $0.49 during trading on Tuesday, hitting $78.31. The company's stock had a trading volume of 2,458,260 shares, compared to its average volume of 1,574,995. The company has a 50-day moving average of $75.71 and a 200-day moving average of $79.12. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 2.66 and a beta of 0.68. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. On average, sell-side analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on BG shares. Morgan Stanley decreased their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Citigroup upped their price target on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Bank of America lowered their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Stephens dropped their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Barclays cut their target price 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. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $85.60.

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.