Fox Run Management Acquires Stake in Bunge Global SA

Fox Run Management L.L.C. has made a notable investment by acquiring a new stake in Bunge Global SA (NYSE:BG - Free Report) during the fourth quarter. According to their latest Form 13F filing with the Securities and Exchange Commission (SEC), the fund purchased 16,274 shares of Bunge's stock, which amounts to an approximate value of $1,265,000.

In addition to Fox Run Management, various other institutional investors and hedge funds have been active in adjusting their positions in Bunge Global recently. For instance, Franklin Resources Inc. increased its holdings of Bunge Global shares by 16.9% in the third quarter, bringing their total ownership to 274,096 shares, valued at $26,371,000 after acquiring an additional 39,646 shares during that period.

Moreover, Hennion & Walsh Asset Management Inc. raised its stake in Bunge Global by 7.7% in the fourth quarter. They currently own 3,879 shares of the company's stock valued at $302,000 after purchasing an additional 278 shares. Meanwhile, Vontobel Holding Ltd. saw a significant increase of 39.6% in its position, now owning 21,406 shares worth $1,665,000 after acquiring an extra 6,077 shares last quarter.

Another newcomer, iA Global Asset Management Inc., invested in Bunge Global in the third quarter with a stake valued at $888,000. Additionally, State Street Corp. enhanced its involvement by lifting its position in Bunge Global by 7.6% during the third quarter and currently owns over 7 million shares valued at approximately $681,467,000, after acquiring 500,897 additional shares.

Overall, institutional investors and hedge funds collectively hold 86.23% of Bunge Global's stock.

Analysts' Ratings and Insights

Several equity analysts have been assessing the performance of Bunge Global's shares. For example, Barclays recently lowered its target price from $95.00 to $85.00, labeling it an "equal weight" situation. Similarly, Stephens reduced their price target from $110.00 to $105.00.

In a notable downgrade, Morgan Stanley also decreased the target price for Bunge Global from $90.00 to $74.00 while maintaining an "equal weight" rating. Meanwhile, Bank of America set its new price target at $87.00 after lowering it from $105.00, recommending a “buy” rating for the stock.

As of now, three analysts rate Bunge Global with a hold rating, while one analyst indicates a buy rating, and another suggests a strong buy. According to consensus estimates from MarketBeat, the stock carries a "Moderate Buy" rating with an average target price of $93.00.

Bunge Global's Market Performance

Trading for Bunge Global (NYSE:BG) opened at $73.29 on the latest trading day. The stock has experienced a 52-week low of $67.40 alongside a high of $114.92. As for its market position, Bunge Global boasts a market capitalization of $9.82 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 2.66, and a beta value of 0.67.

The company's debt-to-equity ratio stands at 0.43, with a current ratio of 2.15 and a quick ratio of 1.27. Its performance over the past months reflects a 50-day moving average at $74.44 and a 200-day moving average at $83.92.

Bunge Global recently announced its quarterly earnings results, revealing that the company reported $2.13 earnings per share, which fell short of analysts' expectations of $2.30 by $0.17. In terms of profitability, Bunge Global reported a net margin of 2.14% and a return on equity of 11.73%. Analysts predict that Bunge Global SA will deliver an earnings per share of 7.94 for the current fiscal year.

Company Overview

Bunge Global SA is recognized as a leading agribusiness and food company with operations conducted globally. The company is organized into four primary segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment is primarily focused on the procurement, storage, transportation, processing, and sale of agricultural commodities. This includes oilseeds such as soybeans, canola, and sunflower seeds, alongside grains like wheat and corn.

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