Lombard Odier Asset Management Switzerland SA Acquires Shares of 5,164 Bunge Global SA $BG

Lombard Odier Asset Management Switzerland SA bought a new position in shares of Bunge Global SA (NYSE:BG) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,164 shares of the basic materials company’s stock, valued at approximately $657,000.

Other hedge funds also recently made changes to their positions in the company. Quest 10 Wealth Builders Inc. acquired a new stake in shares of Bunge Global during the 4th quarter valued at approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Bunge Global during the second quarter worth $31,000. MUFG Securities EMEA plc bought a new position in shares of Bunge Global in the 2nd quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Bunge Global in the 4th quarter valued at about $35,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in shares of Bunge Global by 152.9% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 430 shares of the basic materials company’s stock valued at $35,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BG shares. Barclays upped their target price on Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, BMO Capital Markets increased their price objective on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Stock Up 0.2%

Shares of Bunge Global stock opened at $117.72 on Wednesday. The business’s fifty day moving average price is $118.27 and its two-hundred day moving average price is $119.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. The company has a market capitalization of $22.84 billion, a P/E ratio of 27.44 and a beta of 0.65. Bunge Global SA has a 1-year low of $74.95 and a 1-year high of $134.87.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.86. Bunge Global had a return on equity of 8.60% and a net margin of 0.85%.The company had revenue of $21.86 billion during the quarter, compared to analyst estimates of $23.38 billion. During the same quarter in the previous year, the firm posted $1.81 EPS. The firm’s quarterly revenue was up 87.8% on a year-over-year basis. As a group, research analysts forecast that Bunge Global SA will post 9.74 EPS for the current year.

About Bunge Global

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.