NEOS Investment Management LLC Grows Stake in Bunge Global SA (NYSE:BG)

NEOS Investment Management LLC grew its stake in Bunge Global SA (NYSE:BG) by 25.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,018 shares of the basic materials company’s stock after acquiring an additional 1,239 shares during the quarter. NEOS Investment Management LLC’s holdings in Bunge Global were worth $468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Bunge Global by 7.6% in the 3rd 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. Geode Capital Management LLC raised its holdings in Bunge Global by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company’s stock valued at $329,697,000 after buying an additional 45,159 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Bunge Global by 13,459.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock valued at $229,894,000 after acquiring an additional 2,934,656 shares in the last quarter. Amundi lifted its stake in shares of Bunge Global by 24.9% during the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company’s stock worth $190,476,000 after purchasing an additional 490,153 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Bunge Global by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,502,083 shares of the basic materials company’s stock worth $116,802,000 after acquiring an additional 57,462 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

NYSE BG opened at $76.49 on Monday. The company’s 50 day simple moving average is $73.86 and its 200 day simple moving average is $82.89. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The firm has a market capitalization of $10.25 billion, a PE ratio of 9.47, a P/E/G ratio of 2.66 and a beta of 0.67. 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 quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. As a group, equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays decreased 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. Stephens decreased their price objective on shares of Bunge Global from $110.00 to $105.00 in a 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 note on Tuesday, February 11th. Finally, Morgan Stanley lowered their price target on shares of 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. Three 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Company 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.