Waterfront Wealth Inc. Boosts Stock Holdings in Bunge Global SA (NYSE:BG)

Waterfront Wealth Inc. boosted its stake in shares of Bunge Global SA (NYSE:BG) by 33.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,149 shares of the basic materials company’s stock after acquiring an additional 4,309 shares during the period. Waterfront Wealth Inc.’s holdings in Bunge Global were worth $1,334,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 124 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of Bunge Global by 0.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock valued at $2,305,000 after acquiring an additional 144 shares during the period. 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 during the period. 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 during the period. Finally, Patton Albertson Miller Group LLC raised its stake in shares of 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 valued at $5,455,000 after acquiring an additional 188 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BG shares. Morgan Stanley cut 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 note on Tuesday, February 11th. Barclays cut their target price 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. Bank of America lowered their price target on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Stephens lowered their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Price Performance

BG opened at $71.19 on Friday. The company has a fifty day simple moving average of $76.49 and a 200 day simple moving average of $87.40. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 2.54 and a beta of 0.69. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. 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 announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. Equities research analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

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.