APG Asset Management N.V. Purchases New Holdings in Bunge Global SA (NYSE:BG)

APG Asset Management N.V. acquired a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 78,400 shares of the basic materials company's stock, valued at approximately $5,887,000. APG Asset Management N.V. owned about 0.06% of Bunge Global as of its most recent filing with the SEC.

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

Analyst Ratings Changes

BG has been the topic of several research reports. Citigroup upped their target price on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday. Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. 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 report on Tuesday, February 11th. Morgan Stanley cut their price objective on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Finally, Barclays dropped their price target 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. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bunge Global presently has a consensus rating of "Moderate Buy" and an average target price of $85.60.

Bunge Global Trading Up 2.4 %

Shares of NYSE:BG traded up $1.81 during midday trading on Thursday, reaching $78.19. The company's stock had a trading volume of 286,735 shares, compared to its average volume of 1,587,268. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. The business has a 50 day moving average price of $73.53 and a 200 day moving average price of $80.86. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. 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 posted its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 EPS 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%. Research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

About Bunge Global

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.