Callan Family Office LLC Takes Position in Bunge Global SA (NYSE:BG)

Callan Family Office LLC acquired a new stake in Bunge Global SA (NYSE:BG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,258 shares of the basic materials company’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BG. Inceptionr LLC increased its position in Bunge Global by 97.5% in the 4th quarter. Inceptionr LLC now owns 4,845 shares of the basic materials company’s stock valued at $377,000 after buying an additional 2,392 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Bunge Global in the 4th quarter valued at about $1,994,000. Arizona State Retirement System increased its position in Bunge Global by 1.4% in the 4th quarter. Arizona State Retirement System now owns 41,143 shares of the basic materials company’s stock valued at $3,199,000 after buying an additional 576 shares in the last quarter. Aigen Investment Management LP increased its position in Bunge Global by 367.2% in the 4th quarter. Aigen Investment Management LP now owns 22,644 shares of the basic materials company’s stock valued at $1,761,000 after buying an additional 17,797 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Bunge Global in the 4th quarter valued at about $2,253,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BG. Stephens decreased their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Bank of America decreased their target price 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. Barclays decreased their price objective on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, Morgan Stanley decreased their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Stock Performance

Shares of BG opened at $74.36 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The stock has a 50 day moving average price of $75.08 and a two-hundred day moving average price of $85.20. The firm has a market capitalization of $9.96 billion, a P/E ratio of 9.20, a P/E/G ratio of 2.66 and a beta of 0.67. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92.

Bunge Global (NYSE:BG) last issued its quarterly earnings data 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 return on equity of 11.73% and a net margin of 2.14%. Equities analysts forecast 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.