4,161 Shares in Bunge Global SA (NYSE:BG) Acquired by Allstate Corp

Allstate Corp purchased a new stake in shares of Bunge Global SA (NYSE:BG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,161 shares of the basic materials company's stock, valued at approximately $324,000.

A number of other large investors have also recently made changes to their positions in the stock. DnB Asset Management AS boosted its holdings in Bunge Global by 15.0% in the fourth quarter. DnB Asset Management AS now owns 34,081 shares of the basic materials company's stock worth $2,650,000 after purchasing an additional 4,451 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Bunge Global by 8.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 7,221 shares of the basic materials company's stock valued at $561,000 after buying an additional 538 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of Bunge Global by 9.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 82,467 shares of the basic materials company's stock worth $6,413,000 after buying an additional 6,846 shares during the last quarter. Norges Bank bought a new stake in shares of Bunge Global in the fourth quarter worth $148,857,000. Finally, NEOS Investment Management LLC increased its position in Bunge Global by 25.9% during the fourth quarter. NEOS Investment Management LLC now owns 6,018 shares of the basic materials company's stock valued at $468,000 after acquiring an additional 1,239 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

Bunge Global stock traded down $1.53 during midday trading on Monday, hitting $71.67. The stock had a trading volume of 2,656,840 shares, compared to its average volume of 1,578,196. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The company has a market capitalization of $9.60 billion, a PE ratio of 8.87, a P/E/G ratio of 2.66 and a beta of 0.59. The firm's fifty day moving average is $73.55 and its two-hundred day moving average is $81.97. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. On average, research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Analysts Set New Price Targets

BG has been the subject of a number of recent research reports. Morgan Stanley cut their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Bank of America cut their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Stephens decreased their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Barclays dropped their price target on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

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.