Allworth Financial LP Has $62,000 Stock Position in Bunge Global SA (NYSE:BG)

Allworth Financial LP grew its holdings in Bunge Global SA (NYSE:BG) by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 794 shares of the basic materials company’s stock after purchasing an additional 194 shares during the period. Allworth Financial LP’s holdings in Bunge Global were worth $62,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Spire Wealth Management bought a new stake in Bunge Global during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global during the 3rd quarter worth approximately $34,000. Crews Bank & Trust bought a new stake in shares of Bunge Global during the 4th quarter worth approximately $39,000. Farther Finance Advisors LLC raised its stake in shares of Bunge Global by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 124 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Bunge Global in the 4th quarter valued at approximately $45,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on BG. Morgan Stanley lowered 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 report on Tuesday, February 11th. Bank of America lowered their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” 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 for the company in a research note on Thursday, February 6th. Finally, Stephens reduced their price target on 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bunge Global has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Bunge Global Price Performance

NYSE:BG opened at $73.59 on Tuesday. The company has a market cap of $10.27 billion, a P/E ratio of 9.11, a P/E/G ratio of 2.59 and a beta of 0.69. The firm’s fifty day moving average price is $76.16 and its two-hundred day moving average price is $86.96. 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 current ratio of 2.15 and a quick ratio of 1.27.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Equities analysts expect that Bunge Global SA will post 7.94 earnings per share for the current 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.