Bunge Global SA (NYSE:BG) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,502,083 shares of the basic materials company's stock after purchasing an additional 57,462 shares during the period. Charles Schwab Investment Management Inc. owned about 1.08% of Bunge Global worth $116,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in shares of Bunge Global by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock worth $42,000 after buying an additional 124 shares during the last quarter. Caprock Group LLC boosted its stake in Bunge Global by 2.2% in the third quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company's stock valued at $722,000 after acquiring an additional 164 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of Bunge Global by 25.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock worth $68,000 after purchasing an additional 178 shares during the last quarter. Patton Albertson Miller Group LLC lifted its holdings in shares of Bunge Global by 0.3% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 56,444 shares of the basic materials company's stock valued at $5,455,000 after purchasing an additional 188 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Bunge Global by 32.3% in the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock valued at $62,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

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Bunge Global Stock Performance

Shares of NYSE BG traded down $1.27 during mid-day trading on Wednesday, hitting $73.14. 759,343 shares of the company were exchanged, compared to its average volume of 1,490,248. The stock has a 50 day simple moving average of $75.08 and a 200-day simple moving average of $85.20. 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. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67.

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 the consensus estimate 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 forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BG shares. Barclays reduced their price objective 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. Stephens reduced their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Bank of America lowered their price objective 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. Finally, Morgan Stanley reduced their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Three 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $93.00.

Bunge Global Company 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.