35,995 Shares in Bunge Global SA (NYSE:BG) Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in shares of Bunge Global SA (NYSE:BG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 35,995 shares of the basic materials company’s stock, valued at approximately $2,799,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BG. Spire Wealth Management acquired a new stake in shares of Bunge Global during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global during the third quarter valued at $34,000. Crews Bank & Trust acquired a new stake in Bunge Global during the 4th quarter worth about $39,000. R Squared Ltd bought a new position in shares of Bunge Global in the 4th quarter worth about $45,000. Finally, Financial Perspectives Inc raised its position in shares of Bunge Global by 585.0% in the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 585 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Trading Down 1.8 %

NYSE BG opened at $73.92 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. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The business has a 50 day moving average price of $74.60 and a 200-day moving average price of $84.12. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. As a group, equities analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BG has been the subject of several recent analyst reports. Morgan Stanley decreased 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. Barclays reduced 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 target price 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. Finally, Stephens reduced their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to 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.