Headlands Technologies LLC Has $45,000 Position in Bunge Global SA (NYSE:BG)

Headlands Technologies LLC reduced its holdings in Bunge Global SA (NYSE:BG) by 30.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 441 shares of the basic materials company’s stock after selling 194 shares during the quarter. Headlands Technologies LLC’s holdings in Bunge Global were worth $45,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in Bunge Global by 69.4% in the fourth quarter. Nordea Investment Management AB now owns 75,691 shares of the basic materials company’s stock valued at $7,621,000 after purchasing an additional 30,999 shares in the last quarter. Cutter & CO Brokerage Inc. increased its stake in Bunge Global by 1.8% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 9,305 shares of the basic materials company’s stock valued at $939,000 after purchasing an additional 165 shares in the last quarter. SG Americas Securities LLC increased its stake in Bunge Global by 423.6% in the fourth quarter. SG Americas Securities LLC now owns 52,247 shares of the basic materials company’s stock valued at $5,274,000 after purchasing an additional 42,268 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Bunge Global during the third quarter worth $2,706,000. Finally, Asset Management One Co. Ltd. increased its position in shares of Bunge Global by 53.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 91,657 shares of the basic materials company’s stock worth $9,314,000 after acquiring an additional 32,020 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BG shares. Barclays lowered their price objective on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday, January 23rd. Roth Mkm lowered their price objective on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Robert W. Baird lowered their price objective on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. BMO Capital Markets lowered their price objective on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Finally, HSBC raised shares of Bunge Global from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $122.00 to $105.00 in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average target price of $121.00.

Bunge Global Stock Down 0.8 %

Bunge Global stock opened at $100.95 on Thursday. The company has a market cap of $14.29 billion, a P/E ratio of 8.13 and a beta of 0.64. The company has a current ratio of 1.99, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $99.94 and a 200 day simple moving average of $99.96. Bunge Global SA has a 1-year low of $86.10 and a 1-year high of $116.59.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.49. The firm had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.96 billion. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The company’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.26 earnings per share. Research analysts anticipate that Bunge Global SA will post 9.03 earnings per share 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.