Bunge Global SA (NYSE:BG) Shares Purchased by Aviva PLC

Aviva PLC boosted its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 418,051 shares of the basic materials company's stock after purchasing an additional 29,566 shares during the period. Aviva PLC owned about 0.30% of Bunge Global worth $32,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Bunge Global by 7.6% during the 3rd 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 grew its position in Bunge Global by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock valued at $268,205,000 after buying an additional 34,890 shares during the period. Pacer Advisors Inc. grew its position in Bunge Global by 13,459.9% during the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock valued at $229,894,000 after buying an additional 2,934,656 shares during the period. Amundi increased its holdings in Bunge Global by 24.9% in the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock valued at $190,476,000 after buying an additional 490,153 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Bunge Global during the 4th quarter worth about $148,857,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on BG shares. Barclays cut their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. 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. 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 report on Tuesday, February 11th. Finally, Stephens reduced their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $93.00.

Bunge Global Price Performance

Shares of NYSE BG traded up $1.98 during midday trading on Friday, hitting $75.21. The stock had a trading volume of 453,280 shares, compared to its average volume of 1,585,898. 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 SA has a 1 year low of $67.40 and a 1 year high of $114.92. The company has a market capitalization of $10.08 billion, a PE ratio of 9.30, a P/E/G ratio of 2.66 and a beta of 0.59. The stock has a 50 day simple moving average of $73.08 and a 200-day simple moving average of $81.30.

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 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, sell-side analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal 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.