Sapient Capital LLC Acquires New Holdings in Bunge Global SA (NYSE:BG)

Sapient Capital LLC acquired a new stake in Bunge Global SA (NYSE:BG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,344 shares of the basic materials company's stock, valued at approximately $1,448,000.

Other institutional investors also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. boosted its stake 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 acquiring an additional 99 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Bunge Global by 0.8% during the 3rd quarter. Atria Investments Inc now owns 13,458 shares of the basic materials company's stock worth $1,457,000 after acquiring an additional 104 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Bunge Global by 0.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 32,189 shares of the basic materials company's stock worth $3,484,000 after acquiring an additional 108 shares in the last quarter. M&T Bank Corp raised its position in shares of Bunge Global by 2.0% during the 3rd quarter. M&T Bank Corp now owns 5,943 shares of the basic materials company's stock worth $491,000 after purchasing an additional 114 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Bunge Global by 24.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company's stock worth $63,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

BG has been the subject of several research reports. Barclays cut their price objective on Bunge Global from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Tuesday, January 23rd. BMO Capital Markets cut their price objective on Bunge Global from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Thursday, February 8th. Robert W. Baird cut their price objective on Bunge Global from $125.00 to $108.00 and set a "neutral" rating for the company in a research report on Tuesday, January 23rd. Citigroup lifted their price objective on Bunge Global from $108.00 to $117.00 and gave the stock a "buy" rating in a research report on Wednesday, April 3rd. Finally, HSBC upgraded Bunge Global from a "hold" rating to a "buy" rating and cut their price objective for the stock from $122.00 to $105.00 in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $120.44.

Bunge Global Trading Down 2.0 %

Shares of BG stock traded down $2.12 on Friday, reaching $103.80. 1,536,487 shares of the stock were exchanged, compared to its average volume of 1,746,335. The stock has a market cap of $14.63 billion, a P/E ratio of 7.11 and a beta of 0.64. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $95.87 and a two-hundred day moving average of $100.07. Bunge Global SA has a 1-year low of $86.10 and a 1-year high of $116.59.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.89. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.96 billion. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. The business's revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.24 EPS. On average, research analysts anticipate that Bunge Global SA will post 9.36 EPS for the current 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.