Jones Financial Companies Lllp Acquires 225 Shares of Bunge Global SA (NYSE:BG)

Jones Financial Companies Lllp lifted its holdings in shares of Bunge Global SA (NYSE:BG) by 15.7% in the 4th quarter, HoldingsChannel reports. The fund owned 1,655 shares of the basic materials company’s stock after purchasing an additional 225 shares during the period. Jones Financial Companies Lllp’s holdings in Bunge Global were worth $129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in Bunge Global by 16.9% in the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock worth $26,371,000 after purchasing an additional 39,646 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Bunge Global by 7.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after purchasing an additional 278 shares in the last quarter. Vontobel Holding Ltd. grew its position in Bunge Global by 39.6% in the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock worth $1,665,000 after purchasing an additional 6,077 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in Bunge Global in the 3rd quarter worth about $888,000. Finally, State Street Corp boosted its stake in Bunge Global by 7.6% in the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after acquiring an additional 500,897 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Performance

Shares of BG stock opened at $74.01 on Friday. The stock has a market capitalization of $9.92 billion, a P/E ratio of 9.16, a PEG 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 firm’s 50 day moving average is $74.84 and its 200 day moving average is $84.74. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92.

Bunge Global (NYSE:BG) last posted its earnings results 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 return on equity of 11.73% and a net margin of 2.14%. On average, sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BG. Morgan Stanley dropped 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. Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. 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 note on Tuesday, February 11th. Finally, Barclays dropped their target price on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.