Virtu Financial LLC Grows Position in Bunge Global SA (NYSE:BG)

Virtu Financial LLC raised its position in shares of Bunge Global SA (NYSE:BG) by 53.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,848 shares of the basic materials company’s stock after acquiring an additional 3,429 shares during the period. Virtu Financial LLC’s holdings in Bunge Global were worth $766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Bunge Global Trading Down 0.7 %

BG stock opened at $72.72 on Tuesday. The company has a market capitalization of $9.74 billion, a PE ratio of 9.00, a P/E/G ratio of 2.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The firm’s 50-day moving average is $74.26 and its 200 day moving average is $83.52.

Bunge Global (NYSE:BG) last posted its quarterly earnings results 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%. On average, research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. 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 note on Tuesday, February 11th. Barclays dropped 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 note on Thursday, February 6th. Stephens reduced their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Bank of America lowered their target price on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

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.