Cutter & CO Brokerage Inc. Has $939,000 Holdings in Bunge Global SA (NYSE:BG)

Cutter & CO Brokerage Inc. raised its position in shares of Bunge Global SA (NYSE:BG) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,305 shares of the basic materials company’s stock after purchasing an additional 165 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Bunge Global were worth $939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BG. Bank of New York Mellon Corp grew its position in shares of Bunge Global by 28.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,942,342 shares of the basic materials company’s stock worth $318,509,000 after buying an additional 659,471 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Bunge Global during the 3rd quarter worth approximately $30,032,000. Royal Bank of Canada grew its position in shares of Bunge Global by 55.8% during the 3rd quarter. Royal Bank of Canada now owns 613,412 shares of the basic materials company’s stock worth $66,402,000 after buying an additional 219,819 shares during the period. Hsbc Holdings PLC grew its position in shares of Bunge Global by 175.6% during the 3rd quarter. Hsbc Holdings PLC now owns 169,704 shares of the basic materials company’s stock worth $18,411,000 after buying an additional 108,128 shares during the period. Finally, Barclays PLC grew its position in shares of Bunge Global by 34.9% during the 3rd quarter. Barclays PLC now owns 355,779 shares of the basic materials company’s stock worth $38,513,000 after buying an additional 92,073 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. BMO Capital Markets reduced their price target on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. HSBC raised shares of Bunge Global from a “hold” rating to a “buy” rating and reduced their price target for the company from $122.00 to $105.00 in a research report on Friday, February 9th. Barclays reduced their price target on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday, January 23rd. Finally, Roth Mkm reduced their price target on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $120.44.

Bunge Global Stock Performance

Shares of NYSE BG traded down $0.13 during mid-day trading on Tuesday, reaching $109.62. 2,057,777 shares of the company’s stock were exchanged, compared to its average volume of 1,743,803. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 7.36 and a beta of 0.64. Bunge Global SA has a 52 week low of $86.10 and a 52 week high of $116.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.13 and a quick ratio of 1.20. The firm has a 50-day moving average price of $98.69 and a two-hundred day moving average price of $99.94.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.89. The company had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $14.96 billion. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.24 EPS. Analysts predict that Bunge Global SA will post 9.26 EPS for the current year.

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.