Y Intercept Hong Kong Ltd Takes Position in Bunge Global SA (NYSE:BG)

Y Intercept Hong Kong Ltd acquired a new position in shares of Bunge Global SA (NYSE:BG) in the 4th quarter, HoldingsChannel reports. The firm acquired 33,445 shares of the basic materials company’s stock, valued at approximately $2,601,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 124 shares during the period. Caprock Group LLC increased its position in shares of Bunge Global by 2.2% during the 3rd quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock worth $722,000 after purchasing an additional 164 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in Bunge Global by 31.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock valued at $68,000 after buying an additional 166 shares during the period. Patton Albertson Miller Group LLC lifted its position in Bunge Global by 0.3% in the third quarter. Patton Albertson Miller Group LLC now owns 56,444 shares of the basic materials company’s stock valued at $5,455,000 after buying an additional 188 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Bunge Global by 32.3% during the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock worth $62,000 after buying an additional 194 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Price Performance

Shares of BG opened at $73.59 on Tuesday. The company has a market cap of $9.86 billion, a P/E ratio of 9.11, a PEG ratio of 2.66 and a beta of 0.69. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average price is $76.16 and its 200 day moving average price is $86.96.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS 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%. On average, research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BG has been the topic of a number of research analyst reports. Stephens reduced their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays dropped their target price on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Morgan Stanley decreased their price target on 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. Finally, Bank of America dropped their price objective 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. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.00.

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.