Ellsworth Advisors LLC Has $781,000 Position in Bunge Global SA (NYSE:BG)

Ellsworth Advisors LLC increased its holdings in Bunge Global SA (NYSE:BG) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,739 shares of the basic materials company’s stock after purchasing an additional 415 shares during the period. Ellsworth Advisors LLC’s holdings in Bunge Global were worth $781,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BG. C M Bidwell & Associates Ltd. grew its stake in Bunge Global by 4.3% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,393 shares of the basic materials company’s stock worth $259,000 after buying an additional 99 shares during the last quarter. Atria Investments Inc grew its stake in Bunge Global by 0.8% during the third quarter. Atria Investments Inc now owns 13,458 shares of the basic materials company’s stock worth $1,457,000 after buying an additional 104 shares during the last quarter. Evergreen Capital Management LLC grew its stake in Bunge Global by 0.3% during the third quarter. Evergreen Capital Management LLC now owns 32,189 shares of the basic materials company’s stock worth $3,484,000 after buying an additional 108 shares during the last quarter. M&T Bank Corp grew its stake in shares of Bunge Global by 2.0% during the third quarter. M&T Bank Corp now owns 5,943 shares of the basic materials company’s stock valued at $491,000 after purchasing an additional 114 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Bunge Global by 24.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Up 0.1 %

BG stock traded up $0.10 during midday trading on Friday, reaching $102.52. The company’s stock had a trading volume of 1,357,345 shares, compared to its average volume of 1,885,264. Bunge Global SA has a 52 week low of $86.10 and a 52 week high of $116.59. The stock has a market cap of $14.70 billion, a PE ratio of 6.88 and a beta of 0.64. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $92.74 and its 200-day simple moving average is $100.64.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.89. The company had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.96 billion. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the business posted $3.24 earnings per share. As a group, sell-side analysts expect that Bunge Global SA will post 9.46 EPS for the current year.

Analyst Ratings Changes

BG has been the topic of several research analyst reports. Robert W. Baird decreased their price target on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. HSBC raised shares of Bunge Global from a “hold” rating to a “buy” rating and decreased their price target for the company from $122.00 to $105.00 in a research note on Friday, February 9th. Barclays decreased their price target on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 23rd. StockNews.com cut shares of Bunge Global from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Finally, BMO Capital Markets reduced their price objective on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average target price of $119.44.

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.