Susquehanna Fundamental Investments LLC Invests $14.08 Million in Bunge Global SA (NYSE:BG)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of 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 and Exchange Commission (SEC). The firm acquired 181,032 shares of the basic materials company's stock, valued at approximately $14,077,000. Susquehanna Fundamental Investments LLC owned 0.13% of Bunge Global at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BG. American Century Companies Inc. raised its stake in Bunge Global by 9.5% during the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock valued at $18,815,000 after buying an additional 20,942 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Bunge Global by 7.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock worth $302,000 after purchasing an additional 278 shares during the last quarter. Franklin Resources Inc. boosted its stake 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 purchasing an additional 39,646 shares in the last quarter. Vontobel Holding Ltd. grew its position in Bunge Global by 39.6% during the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock valued at $1,665,000 after purchasing an additional 6,077 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Bunge Global by 12.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company's stock valued at $2,935,000 after purchasing an additional 4,296 shares in the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Performance

Shares of BG traded up $0.69 during trading hours on Friday, hitting $79.17. The stock had a trading volume of 918,077 shares, compared to its average volume of 1,565,701. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The stock has a fifty day moving average price of $75.52 and a 200 day moving average price of $79.53. 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 capitalization of $10.61 billion, a PE ratio of 9.80, a PEG ratio of 2.66 and a beta of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.73% and a net margin of 2.14%. Analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Ratings Changes

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