Integrated Quantitative Investments LLC Makes New $295,000 Investment in Bunge Global SA (NYSE:BG)

Integrated Quantitative Investments LLC acquired a new stake in Bunge Global SA (NYSE:BG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,800 shares of the basic materials company’s stock, valued at approximately $295,000.

A number of other hedge funds have also recently bought and sold shares of BG. Pitcairn Co. bought a new position in shares of Bunge Global during the 4th quarter worth approximately $214,000. Bryce Point Capital LLC acquired a new stake in Bunge Global during the 4th quarter valued at $475,000. Trexquant Investment LP bought a new stake in shares of Bunge Global during the 4th quarter worth about $8,449,000. Headlands Technologies LLC boosted its holdings in shares of Bunge Global by 364.7% during the fourth quarter. Headlands Technologies LLC now owns 15,107 shares of the basic materials company’s stock worth $1,175,000 after acquiring an additional 11,856 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Bunge Global by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company’s stock valued at $268,205,000 after purchasing an additional 34,890 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $73.30 on Friday. The company has a 50 day moving average of $73.69 and a 200-day moving average of $82.28. The company has a market cap of $9.82 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. 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 1-year low of $67.40 and a 1-year high of $114.92.

Bunge Global (NYSE:BG) last issued its 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%. As a group, equities research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stephens dropped their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley reduced their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Barclays lowered their price target 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. Finally, Bank of America cut their price objective 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. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Bunge Global currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global 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.