Cerity Partners LLC Raises Holdings in Bunge Global SA (NYSE:BG)

Cerity Partners LLC increased its position in Bunge Global SA (NYSE:BG) by 15.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,835 shares of the basic materials company’s stock after acquiring an additional 3,113 shares during the quarter. Cerity Partners LLC’s holdings in Bunge Global were worth $1,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BG. American Century Companies Inc. increased its stake in shares of Bunge Global by 9.5% in the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company’s stock worth $18,815,000 after purchasing an additional 20,942 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after acquiring an additional 278 shares during the last quarter. Franklin Resources Inc. lifted its position in Bunge Global by 16.9% in the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock worth $26,371,000 after buying an additional 39,646 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Bunge Global by 39.6% in the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock worth $1,665,000 after acquiring an additional 6,077 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Bunge Global by 12.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company’s stock valued at $2,935,000 after purchasing an additional 4,296 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Price Performance

Shares of BG stock opened at $76.52 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The firm has a market cap of $10.25 billion, a P/E ratio of 9.47, a P/E/G ratio of 2.66 and a beta of 0.59. The business’s 50 day moving average price is $73.53 and its 200-day moving average price is $80.86.

Bunge Global (NYSE:BG) last issued its quarterly earnings data 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 net margin of 2.14% and a return on equity of 11.73%. On average, equities research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Ratings Changes

BG has been the topic of a number of analyst reports. Stephens decreased their target price on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Barclays dropped their target price on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Bank of America reduced 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. Citigroup boosted their price objective on Bunge Global from $76.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley decreased 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. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.60.

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.