Empowered Funds LLC Raises Stock Position in Bunge Global SA (NYSE:BG)

Empowered Funds LLC grew its holdings in shares of Bunge Global SA (NYSE:BG) by 30.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,322 shares of the basic materials company’s stock after purchasing an additional 33,677 shares during the period. Empowered Funds LLC owned about 0.10% of Bunge Global worth $11,300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Spire Wealth Management purchased a new stake in Bunge Global during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Bunge Global during the third quarter worth about $34,000. Farther Finance Advisors LLC increased its stake in Bunge Global by 40.1% during the third 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 during the period. Crews Bank & Trust purchased a new stake in Bunge Global during the fourth quarter worth about $39,000. Finally, R Squared Ltd purchased a new stake in Bunge Global during the fourth quarter worth about $45,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Stock Up 0.5 %

BG stock opened at $69.61 on Friday. The company’s 50 day moving average price is $79.34 and its 200 day moving average price is $89.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.15. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 8.62 and a beta of 0.69. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92.

Bunge Global (NYSE:BG) last announced its quarterly earnings results 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 7.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BG shares. 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. Stephens cut their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $107.00.

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.