KLP Kapitalforvaltning AS Takes Position in Bunge Global SA (NYSE:BG)

KLP Kapitalforvaltning AS bought a new position in shares of Bunge Global SA (NYSE:BG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 103,499 shares of the basic materials company’s stock, valued at approximately $8,067,000. KLP Kapitalforvaltning AS owned 0.07% of Bunge Global as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management bought a new stake in shares of Bunge Global during the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global in the 3rd quarter valued at $34,000. Crews Bank & Trust acquired a new position in Bunge Global in the 4th quarter valued at $39,000. R Squared Ltd acquired a new position in Bunge Global in the 4th quarter valued at $45,000. Finally, Financial Perspectives Inc increased its position in Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock worth $53,000 after buying an additional 585 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

NYSE BG opened at $72.72 on Tuesday. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 2.66 and a beta of 0.67. 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 firm’s 50 day simple moving average is $74.26 and its 200 day simple moving average is $83.52.

Bunge Global (NYSE:BG) last issued 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%. As a group, research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BG shares. Barclays reduced their target price 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. Morgan Stanley decreased their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Stephens dropped their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Bank of America lowered their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and a consensus 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.