Franklin Resources Inc. Grows Stock Holdings in Bunge Global SA (NYSE:BG)

Franklin Resources Inc. grew its holdings in Bunge Global SA (NYSE:BG - Free Report) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 277,996 shares of the basic materials company's stock after buying an additional 3,900 shares during the quarter. Franklin Resources Inc. owned 0.20% of Bunge Global worth $21,617,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BG. American Century Companies Inc. lifted its stake in Bunge Global by 9.5% in the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock valued at $18,815,000 after buying an additional 20,942 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Bunge Global by 7.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock valued at $302,000 after acquiring an additional 278 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Bunge Global by 39.6% in the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock worth $1,665,000 after acquiring an additional 6,077 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Bunge Global during the third quarter worth approximately $888,000. Finally, State Street Corp increased its position 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 in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BG has been the topic of several recent research reports. Bank of America lowered their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note 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 for the company in a research note on Tuesday, February 11th. Barclays decreased their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Finally, Stephens dropped their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $93.00.

Bunge Global Trading Up 4.3 %

NYSE:BG traded up $3.13 on Friday, hitting $76.36. The stock had a trading volume of 1,965,579 shares, compared to its average volume of 1,593,206. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 2.66 and a beta of 0.59. The company has a fifty day moving average price of $73.11 and a two-hundred day moving average price of $81.17. 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 announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS 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%. Equities research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal 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.