FIL Ltd Acquires 334,815 Shares of Bunge Global SA (NYSE:BG)

FIL Ltd boosted its holdings in Bunge Global SA (NYSE:BG - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,863,696 shares of the basic materials company's stock after acquiring an additional 334,815 shares during the quarter. FIL Ltd owned 1.33% of Bunge Global worth $144,921,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management purchased a new position in Bunge Global in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global during the 3rd quarter worth approximately $34,000. Crews Bank & Trust purchased a new position in shares of Bunge Global during the 4th quarter valued at $39,000. R Squared Ltd purchased a new position in Bunge Global during the fourth quarter worth about $45,000. Finally, Financial Perspectives Inc increased its position in shares of Bunge Global by 585.0% in the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $53,000 after purchasing an additional 585 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. 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. Bank of America dropped 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. Morgan Stanley dropped their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Finally, Stephens cut 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Bunge Global has a consensus rating of "Moderate Buy" and an average price target of $93.00.

Bunge Global Stock Performance

BG traded up $0.60 during midday trading on Monday, hitting $76.90. 172,721 shares of the company traded hands, compared to its average volume of 1,587,953. 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 52 week low of $67.40 and a 52 week high of $114.92. The firm has a market capitalization of $10.30 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. The company's 50-day moving average is $73.11 and its 200 day moving average is $81.07.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results 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 return on equity of 11.73% and a net margin of 2.14%. On average, research analysts expect 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.