Cornerstone Select Advisors LLC Takes $1.24 Million Position in Bunge Global SA (NYSE:BG)

Cornerstone Select Advisors LLC purchased a new position in Bunge Global SA (NYSE:BG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,928 shares of the basic materials company's stock, valued at approximately $1,239,000. Bunge Global makes up 1.2% of Cornerstone Select Advisors LLC's investment portfolio, making the stock its 29th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new stake in shares of Bunge Global during the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global during the 3rd quarter valued at $34,000. Crews Bank & Trust bought a new position in Bunge Global in the 4th quarter valued at $39,000. R Squared Ltd acquired a new position in Bunge Global in the fourth quarter worth $45,000. Finally, Financial Perspectives Inc grew its holdings in shares of Bunge Global by 585.0% during the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $53,000 after purchasing an additional 585 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

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

Bunge Global Stock Up 0.6 %

Shares of BG opened at $78.31 on Wednesday. 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 SA has a 12 month low of $67.40 and a 12 month high of $114.92. The firm's 50 day moving average is $75.81 and its 200-day moving average is $79.11. The stock has a market capitalization of $10.49 billion, a PE ratio of 9.69, a P/E/G ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current 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.

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