Schnieders Capital Management LLC Purchases New Stake in Bunge Global SA (NYSE:BG)

Schnieders Capital Management LLC purchased a new stake in Bunge Global SA (NYSE:BG) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,573 shares of the basic materials company’s stock, valued at approximately $361,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Loomis Sayles & Co. L P raised its stake in Bunge Global by 169.8% during the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 146 shares in the last quarter. NewSquare Capital LLC acquired a new position in Bunge Global during the fourth quarter worth about $37,000. Rise Advisors LLC raised its stake in Bunge Global by 40.6% during the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 117 shares in the last quarter. Ramirez Asset Management Inc. acquired a new position in Bunge Global during the third quarter worth about $54,000. Finally, GAMMA Investing LLC bought a new stake in shares of Bunge Global during the fourth quarter worth about $62,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of NYSE BG traded down $3.83 during trading hours on Wednesday, reaching $105.79. 3,613,219 shares of the stock traded hands, compared to its average volume of 1,767,472. The company has a market capitalization of $14.92 billion, a P/E ratio of 7.36 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. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59. The company’s 50-day simple moving average is $98.69 and its two-hundred day simple moving average is $99.94.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.89. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.96 billion. During the same period last year, the company earned $3.24 EPS. Bunge Global’s revenue for the quarter was down 10.3% compared to the same quarter last year. Equities research analysts forecast that Bunge Global SA will post 9.26 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price target on Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Roth Mkm reduced their price objective on Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, February 5th. BMO Capital Markets lowered their price target on Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Citigroup raised their price target on Bunge Global from $108.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, Barclays lowered their price target on Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.44.

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.