Bunge Global SA (NYSE:BG) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. grew its stake in Bunge Global SA (NYSE:BG - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,130 shares of the basic materials company's stock after purchasing an additional 8,847 shares during the quarter. Alliancebernstein L.P. owned approximately 0.14% of Bunge Global worth $15,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. boosted its position in Bunge Global by 3.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock worth $351,000 after acquiring an additional 170 shares during the last quarter. Deseret Mutual Benefit Administrators grew its position in shares of Bunge Global by 25.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after purchasing an additional 178 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Bunge Global by 32.3% in the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock valued at $62,000 after purchasing an additional 194 shares during the last quarter. Abbot Financial Management Inc. lifted its position in Bunge Global by 0.9% during the fourth quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock worth $1,786,000 after buying an additional 205 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Bunge Global by 15.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock worth $129,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on BG shares. Morgan Stanley reduced their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Stephens dropped their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays lowered their price objective on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Bank of America decreased their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Bunge Global presently has an average rating of "Moderate Buy" and an average target price of $93.00.

Bunge Global Stock Performance

BG traded down $0.50 during trading on Monday, hitting $75.80. 72,025 shares of the stock were exchanged, compared to its average volume of 1,587,450. The firm has a market capitalization of $10.15 billion, a P/E ratio of 9.38, a PEG ratio of 2.66 and a beta of 0.59. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The stock has a fifty day moving average price of $73.11 and a two-hundred day moving average price of $81.07. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. As a group, sell-side analysts predict that Bunge Global SA will post 7.94 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.