28,617 Shares of Bunge Global SA $BG Purchased by Gen Wealth Partners Inc

Gen Wealth Partners Inc purchased a new position in shares of Bunge Global SA (NYSE:BG) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 28,617 shares of the basic materials company’s stock, valued at approximately $3,004,000. Bunge Global accounts for approximately 0.8% of Gen Wealth Partners Inc’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in BG. TD Waterhouse Canada Inc. lifted its holdings in shares of Bunge Global by 49,582.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 193,763 shares of the basic materials company’s stock valued at $19,654,000 after buying an additional 193,373 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group purchased a new stake in shares of Bunge Global in the second quarter valued at approximately $1,116,000. Evergreen Capital Management LLC boosted its stake in shares of Bunge Global by 495.0% in the third quarter. Evergreen Capital Management LLC now owns 164,184 shares of the basic materials company’s stock valued at $17,280,000 after buying an additional 136,588 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Bunge Global by 4,973.8% in the first quarter. NewEdge Advisors LLC now owns 42,468 shares of the basic materials company’s stock valued at $5,402,000 after buying an additional 41,631 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of Bunge Global by 267.7% in the second quarter. National Pension Service now owns 31,461 shares of the basic materials company’s stock valued at $3,358,000 after buying an additional 22,904 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Bunge Global from $140.00 to $139.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Zacks Research downgraded Bunge Global from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. UBS Group boosted their target price on shares of Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 price target on shares of Bunge Global in a research note on Thursday, August 13th. Finally, Weiss Ratings raised shares of Bunge Global from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and an average price target of $132.38.

Bunge Global Trading Up 1.9%

Shares of Bunge Global stock opened at $101.00 on Tuesday. The company has a 50-day moving average of $108.83 and a two-hundred day moving average of $116.66. Bunge Global SA has a 12-month low of $88.24 and a 12-month high of $134.87. The company has a current ratio of 1.50, a quick ratio of 0.65 and a debt-to-equity ratio of 0.50. The stock has a market cap of $19.41 billion, a PE ratio of 16.97 and a beta of 0.70.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Thursday, October 29th. The basic materials company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.41 by $0.15. The business had revenue of $23.80 billion for the quarter, compared to analyst estimates of $23.28 billion. Bunge Global had a return on equity of 9.34% and a net margin of 1.24%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.27 EPS. On average, research analysts anticipate that Bunge Global SA will post 9.63 EPS for the current fiscal year.

About Bunge Global

Bunge Global is an agribusiness and food company that connects farmers with customers around the world. Its activities include sourcing, storing, transporting and processing agricultural commodities, particularly oilseeds and grains.

The company produces vegetable oils, protein meals, specialty fats and other ingredients used in food, animal feed and renewable fuel markets. It also provides grain and oilseed merchandising and related supply-chain services.

Founded in 1818, Bunge expanded from its European origins into a global business.