Campbell & CO Investment Adviser LLC Makes New Investment in Bunge Global SA $BG

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Bunge Global SA (NYSE:BG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,763 shares of the basic materials company’s stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BG. Callan Family Office LLC purchased a new stake in shares of Bunge Global in the second quarter worth about $705,000. AE Wealth Management LLC grew its holdings in Bunge Global by 1,596.3% during the 2nd quarter. AE Wealth Management LLC now owns 163,944 shares of the basic materials company’s stock valued at $13,162,000 after buying an additional 154,279 shares in the last quarter. Centennial Wealth Advisory LLC bought a new stake in Bunge Global in the 2nd quarter worth approximately $449,000. Inspire Investing LLC raised its holdings in shares of Bunge Global by 79.0% during the 2nd quarter. Inspire Investing LLC now owns 7,355 shares of the basic materials company’s stock worth $590,000 after acquiring an additional 3,246 shares in the last quarter. Finally, Atria Investments Inc bought a new position in shares of Bunge Global during the 2nd quarter valued at approximately $410,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on BG. Stephens boosted their price target on shares of Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. BMO Capital Markets boosted their target price on shares of Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Morgan Stanley set a $95.00 price target on shares of Bunge Global in a report on Monday, October 27th. CICC Research boosted their price objective on Bunge Global from $90.00 to $110.00 in a research note on Friday, November 7th. Finally, Barclays raised Bunge Global from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $105.00 to $120.00 in a research note on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.88.

Bunge Global Stock Performance

Shares of NYSE:BG opened at $95.89 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $99.55. The company has a market capitalization of $18.54 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 8.28 and a beta of 0.76. The firm’s 50-day moving average is $88.08 and its 200 day moving average is $82.70.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.04. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The business had revenue of $22.16 billion during the quarter, compared to analyst estimates of $22.46 billion. During the same quarter in the previous year, the business earned $2.29 earnings per share. The company’s revenue for the quarter was up 71.6% compared to the same quarter last year. Research analysts predict that Bunge Global SA will post 7.94 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.