Amundi Purchases 490,153 Shares of Bunge Global SA (NYSE:BG)

Amundi lifted its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 24.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,457,864 shares of the basic materials company's stock after purchasing an additional 490,153 shares during the quarter. Amundi owned 1.76% of Bunge Global worth $190,476,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp increased its holdings in shares of Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company's stock worth $681,467,000 after purchasing an additional 500,897 shares during the period. Geode Capital Management LLC boosted its position in shares of Bunge Global by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company's stock worth $329,697,000 after acquiring an additional 45,159 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Bunge Global by 13,459.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after acquiring an additional 2,934,656 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Bunge Global by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,502,083 shares of the basic materials company's stock worth $116,802,000 after acquiring an additional 57,462 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Bunge Global by 5.2% during the 4th quarter. Bank of New York Mellon Corp now owns 840,587 shares of the basic materials company's stock worth $65,364,000 after acquiring an additional 41,884 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several analysts recently issued reports on BG shares. Morgan Stanley reduced their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Barclays reduced 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 report on Thursday, February 6th. Stephens reduced their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Bank of America reduced their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $93.00.

Bunge Global Price Performance

Bunge Global stock traded up $0.33 during mid-day trading on Thursday, reaching $73.46. The company had a trading volume of 1,572,438 shares, compared to its average volume of 1,492,552. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The company has a market cap of $9.84 billion, a P/E ratio of 9.09, a P/E/G ratio of 2.66 and a beta of 0.67. The business has a fifty day simple moving average of $74.99 and a 200 day simple moving average of $85.12.

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