Blackhawk Capital Partners LLC. Invests $292,000 in Bunge Global SA (NYSE:BG)

Blackhawk Capital Partners LLC. purchased a new stake in shares of Bunge Global SA (NYSE:BG) during the fourth quarter, Holdings Channel reports. The fund purchased 3,752 shares of the basic materials company’s stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after buying an additional 124 shares in the last quarter. Caprock Group LLC raised its stake in shares of Bunge Global by 2.2% in the 3rd quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock valued at $722,000 after acquiring an additional 164 shares in the last quarter. Deseret Mutual Benefit Administrators raised its stake in shares of Bunge Global by 31.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 166 shares in the last quarter. Patton Albertson Miller Group LLC lifted its holdings in Bunge Global by 0.3% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 56,444 shares of the basic materials company’s stock worth $5,455,000 after purchasing an additional 188 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Bunge Global by 32.3% during the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 194 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Up 0.7 %

Shares of BG stock opened at $73.59 on Tuesday. The firm has a market capitalization of $9.86 billion, a P/E ratio of 9.11, a price-to-earnings-growth 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. The firm’s fifty 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.

Bunge Global (NYSE:BG) last posted its quarterly earnings data 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 return on equity of 11.73% and a net margin of 2.14%. As a group, sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Ratings Changes

BG has been the topic of a number of recent analyst reports. Stephens dropped their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Morgan Stanley dropped 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 report on Tuesday, February 11th. Barclays decreased their price target on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, Bank of America lowered their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.