CoreFirst Bank & Trust Makes New $219,000 Investment in Bunge Global SA (NYSE:BG)

CoreFirst Bank & Trust acquired a new stake in Bunge Global SA (NYSE:BG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,820 shares of the basic materials company’s stock, valued at approximately $219,000.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Stephens reduced their price objective on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays reduced their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Morgan Stanley lowered their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Finally, Bank of America reduced their target price on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Three investment 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Trading Down 0.7 %

BG opened at $72.72 on Tuesday. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth 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. The business’s 50 day moving average is $74.26 and its two-hundred day moving average is $83.52. 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 (NYSE:BG) last released its quarterly earnings results 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 net margin of 2.14% and a return on equity of 11.73%. On average, research analysts predict 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.