Bryce Point Capital LLC Purchases New Position in Bunge Global SA (NYSE:BG)

Bryce Point Capital LLC acquired a new position in Bunge Global SA (NYSE:BG) during the 4th quarter, HoldingsChannel reports. The fund acquired 6,105 shares of the basic materials company’s stock, valued at approximately $475,000.

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

Bunge Global Stock Down 6.3 %

Shares of BG opened at $73.30 on Friday. The stock has a 50 day moving average price of $73.69 and a 200 day moving average price of $82.38. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG) last released its 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%. Equities research analysts forecast 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 analysts have issued reports on the company. 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. Barclays dropped 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 note 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 for the company in a research report on Tuesday, February 11th. Finally, Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a research 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and a consensus price target 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.