Fox Run Management L.L.C. Takes Position in Bunge Global SA (NYSE:BG)

Fox Run Management L.L.C. bought a new position in shares of Bunge Global SA (NYSE:BG) during the fourth quarter, Holdings Channel.com reports. The fund bought 16,274 shares of the basic materials company’s stock, valued at approximately $1,265,000.

Other large investors have also added to or reduced their stakes in the company. Caprock Group LLC lifted its position in Bunge Global by 2.2% during the third 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 period. Deseret Mutual Benefit Administrators increased its holdings in Bunge Global by 25.4% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company’s stock valued at $68,000 after buying an additional 178 shares during the period. Patton Albertson Miller Group LLC raised its position in shares of Bunge Global by 0.3% in the 3rd 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 in the last quarter. Allworth Financial LP lifted its holdings in shares of Bunge Global by 32.3% during the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 194 shares during the period. Finally, Abbot Financial Management Inc. boosted its position in shares of Bunge Global by 0.9% during the 4th quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company’s stock worth $1,786,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays lowered their price objective on shares of 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. 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 report on Tuesday, February 11th. Morgan Stanley lowered their target price 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. Finally, Stephens reduced their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Three equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Bunge Global Price Performance

Shares of BG opened at $73.29 on Friday. 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 stock has a market cap of $9.82 billion, a PE ratio of 9.07, a PEG ratio of 2.66 and a beta of 0.67. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The business has a 50-day simple moving average of $74.44 and a two-hundred day simple moving average of $83.92.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

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.