Bunge Global SA (NYSE:BG) Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. lifted its position in Bunge Global SA (NYSE:BG) by 1,418.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,180 shares of the basic materials company’s stock after acquiring an additional 30,061 shares during the quarter. Howard Capital Management Inc.’s holdings in Bunge Global were worth $2,502,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of Bunge Global by 13,459.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after purchasing an additional 2,934,656 shares during the last quarter. Ilex Capital Partners UK LLP bought a new stake in shares of Bunge Global in the 3rd quarter worth approximately $54,330,000. State Street Corp lifted its holdings in shares of Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after purchasing an additional 500,897 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Bunge Global by 173.5% in the 4th quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company’s stock worth $23,537,000 after purchasing an additional 191,999 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in shares of Bunge Global by 1,585.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company’s stock worth $17,782,000 after purchasing an additional 173,082 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Up 2.6 %

Shares of Bunge Global stock opened at $73.12 on Friday. The business’s fifty day moving average price is $76.30 and its two-hundred day moving average price is $87.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The company has a market capitalization of $10.21 billion, a P/E ratio of 9.05, a PEG ratio of 2.59 and a beta of 0.69. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92.

Bunge Global (NYSE:BG) last posted its quarterly earnings data 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 return on equity of 11.73% and a net margin of 2.14%. As a group, research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Upgrades and Downgrades

BG has been the topic of several recent research reports. Stephens cut their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley cut their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Barclays cut their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Bank of America cut their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

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.