Bunge Global SA (NYSE:BG) Shares Bought by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC grew its holdings in shares of Bunge Global SA (NYSE:BG) by 18.2% during the 4th quarter, HoldingsChannel reports. The firm owned 319,121 shares of the basic materials company’s stock after buying an additional 49,046 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Bunge Global were worth $24,815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BG. Spire Wealth Management acquired a new position in shares of Bunge Global during the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global during the 3rd quarter valued at about $34,000. Crews Bank & Trust acquired a new position in shares of Bunge Global during the 4th quarter valued at about $39,000. R Squared Ltd acquired a new position in shares of Bunge Global during the 4th quarter valued at about $45,000. Finally, Financial Perspectives Inc boosted its position in shares of Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 585 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Up 0.6 %

Shares of NYSE:BG opened at $74.01 on Monday. 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 $9.92 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The firm’s 50-day moving average is $74.84 and its two-hundred day moving average is $84.63. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92.

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 analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on BG shares. Barclays reduced their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Morgan Stanley reduced 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 report on Tuesday, February 11th. Bank of America reduced their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Stephens reduced their price objective on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three equities research 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 currently has an average rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global 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.