Old West Investment Management LLC Buys 4,371 Shares of Bunge Global SA (NYSE:BG)

Old West Investment Management LLC grew its stake in Bunge Global SA (NYSE:BG) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,414 shares of the basic materials company’s stock after buying an additional 4,371 shares during the period. Bunge Global accounts for about 3.9% of Old West Investment Management LLC’s holdings, making the stock its 8th biggest holding. Old West Investment Management LLC owned 0.09% of Bunge Global worth $9,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BG. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Bunge Global by 3.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company’s stock valued at $351,000 after buying an additional 170 shares during the period. Deseret Mutual Benefit Administrators lifted its stake in shares of 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 purchasing an additional 178 shares during the period. Allworth Financial LP lifted its stake in shares of Bunge Global by 32.3% in the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 194 shares during the period. 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 valued at $1,786,000 after purchasing an additional 205 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Bunge Global by 15.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company’s stock worth $129,000 after purchasing an additional 225 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stephens cut their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley cut their target price on shares of 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. Barclays decreased their price target on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note 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 on the stock in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Stock Down 6.3 %

BG stock opened at $73.30 on Friday. The stock has a market cap of $9.82 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.66 and a beta of 0.67. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $73.69 and its two-hundred day simple moving average is $82.38. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92.

Bunge Global (NYSE:BG) last announced its quarterly earnings data 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%. Analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

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.