Janney Montgomery Scott LLC Purchases 1,076 Shares of Bunge Global SA (NYSE:BG)

Janney Montgomery Scott LLC increased its stake in shares of Bunge Global SA (NYSE:BG) by 32.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,425 shares of the basic materials company’s stock after purchasing an additional 1,076 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Bunge Global were worth $344,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global during the third quarter worth about $34,000. Farther Finance Advisors LLC lifted its holdings in Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 124 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Bunge Global by 145.1% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 386 shares during the period. Blue Trust Inc. boosted its stake in Bunge Global by 121.5% during the third quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock worth $70,000 after buying an additional 361 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its holdings in Bunge Global by 31.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of NYSE:BG opened at $69.10 on Tuesday. The business’s fifty day moving average price is $78.94 and its two-hundred day moving average price is $89.25. 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 stock has a market cap of $9.65 billion, a PE ratio of 8.55 and a beta of 0.69. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate 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, analysts forecast that Bunge Global SA will post 7.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Stephens cut their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays lowered their price objective on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.50.

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.