Rothschild Investment LLC Buys 266 Shares of Bunge Global SA (NYSE:BG)

Rothschild Investment LLC raised its stake in shares of Bunge Global SA (NYSE:BG) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,129 shares of the basic materials company’s stock after purchasing an additional 266 shares during the period. Rothschild Investment LLC’s holdings in Bunge Global were worth $1,099,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. IFP Advisors Inc grew its stake in Bunge Global by 17.0% in the 4th quarter. IFP Advisors Inc now owns 1,852 shares of the basic materials company’s stock valued at $144,000 after buying an additional 269 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Bunge Global during the fourth quarter valued at about $2,601,000. Howard Capital Management Inc. grew its position in shares of Bunge Global by 1,418.6% in the fourth quarter. Howard Capital Management Inc. now owns 32,180 shares of the basic materials company’s stock valued at $2,502,000 after purchasing an additional 30,061 shares during the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of Bunge Global by 25.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 178 shares during the period. Finally, Waterfront Wealth Inc. lifted its position in shares of Bunge Global by 33.6% during the 4th quarter. Waterfront Wealth Inc. now owns 17,149 shares of the basic materials company’s stock worth $1,334,000 after purchasing an additional 4,309 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

BG opened at $73.59 on Tuesday. The stock’s 50 day simple moving average is $76.16 and its 200-day simple moving average is $86.96. 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 stock has a market cap of $9.86 billion, a PE ratio of 9.11, a P/E/G ratio of 2.66 and a beta of 0.69. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92.

Bunge Global (NYSE:BG) last announced its quarterly 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 net margin of 2.14% and a return on equity of 11.73%. Sell-side analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BG shares. Stephens lowered their target price on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley lowered their price objective 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. Bank of America cut their target price on shares of 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, Barclays decreased their price target on shares of 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. Four equities research 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. Based on data from MarketBeat.com, the company has a consensus 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.