Lesa Sroufe & Co Has $3.20 Million Holdings in Bunge Global SA (NYSE:BG)

Lesa Sroufe & Co boosted its position in shares of Bunge Global SA (NYSE:BG) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,733 shares of the basic materials company’s stock after acquiring an additional 816 shares during the quarter. Bunge Global accounts for 3.3% of Lesa Sroufe & Co’s portfolio, making the stock its 7th biggest holding. Lesa Sroufe & Co’s holdings in Bunge Global were worth $3,203,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BG. Vanguard Group Inc. boosted its stake in shares of Bunge Global by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,376,767 shares of the basic materials company’s stock worth $1,989,285,000 after acquiring an additional 60,660 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Bunge Global by 28.9% during the third quarter. Bank of New York Mellon Corp now owns 2,942,342 shares of the basic materials company’s stock valued at $318,509,000 after purchasing an additional 659,471 shares in the last quarter. Northern Trust Corp lifted its position in Bunge Global by 2.8% during the third quarter. Northern Trust Corp now owns 2,763,072 shares of the basic materials company’s stock valued at $299,103,000 after purchasing an additional 75,936 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Bunge Global by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,776 shares of the basic materials company’s stock valued at $145,680,000 after purchasing an additional 14,620 shares during the period. Finally, Royal Bank of Canada increased its position in Bunge Global by 55.8% in the third 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 in the last quarter. Institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BG. Barclays lowered their price objective on Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 23rd. HSBC raised shares of Bunge Global from a “hold” rating to a “buy” rating and lowered their price target for the company from $122.00 to $105.00 in a report on Friday, February 9th. Citigroup increased their price objective on shares of Bunge Global from $108.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. StockNews.com downgraded shares of Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Wolfe Research downgraded shares of Bunge Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 10th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and a consensus price target of $120.44.

Bunge Global Price Performance

BG stock opened at $109.62 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59. The stock has a market cap of $15.46 billion, a PE ratio of 7.36 and a beta of 0.64. The company has a 50-day moving average price of $98.69 and a 200 day moving average price of $99.94.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.89. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.96 billion. During the same quarter in the previous year, the business earned $3.24 earnings per share. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. Equities research analysts anticipate that Bunge Global SA will post 9.26 earnings per share for the current year.

Bunge Global Company 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.