Lindbrook Capital LLC Buys 145 Shares of Bunge Global SA (NYSE:BG)

Lindbrook Capital LLC increased its position in shares of Bunge Global SA (NYSE:BG) by 16.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,036 shares of the basic materials company’s stock after purchasing an additional 145 shares during the quarter. Lindbrook Capital LLC’s holdings in Bunge Global were worth $105,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Bunge Global by 28.9% during the third quarter. Bank of New York Mellon Corp now owns 2,942,342 shares of the basic materials company’s stock worth $318,509,000 after buying an additional 659,471 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Bunge Global in the 3rd quarter valued at approximately $30,032,000. Royal Bank of Canada raised its stake in shares of Bunge Global by 55.8% during the third quarter. Royal Bank of Canada now owns 613,412 shares of the basic materials company’s stock valued at $66,402,000 after acquiring an additional 219,819 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Bunge Global by 175.6% during the third quarter. Hsbc Holdings PLC now owns 169,704 shares of the basic materials company’s stock worth $18,411,000 after purchasing an additional 108,128 shares during the period. Finally, Barclays PLC grew its stake in shares of Bunge Global by 34.9% in the third quarter. Barclays PLC now owns 355,779 shares of the basic materials company’s stock worth $38,513,000 after purchasing an additional 92,073 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Trading Down 3.5 %

NYSE BG opened at $105.77 on Thursday. Bunge Global SA has a 52 week low of $86.10 and a 52 week high of $116.59. The business has a 50 day moving average price of $99.02 and a 200-day moving average price of $99.98. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.35. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 7.10 and a beta of 0.64.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.89. The firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.96 billion. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The business’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.24 earnings per share. As a group, equities analysts expect that Bunge Global SA will post 9.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wolfe Research downgraded Bunge Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 10th. Citigroup boosted their price target on shares of Bunge Global from $108.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. StockNews.com cut shares of Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Robert W. Baird cut their price target on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Finally, Barclays decreased their price target on Bunge Global from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.44.

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.