Cohen & Steers Inc. Boosts Stock Position in Bunge Global SA (NYSE:BG)

Cohen & Steers Inc. raised its holdings in Bunge Global SA (NYSE:BG - Free Report) by 195.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 233,400 shares of the basic materials company's stock after buying an additional 154,382 shares during the period. Cohen & Steers Inc. owned about 0.17% of Bunge Global worth $18,149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in BG. Pacer Advisors Inc. boosted its stake in Bunge Global by 13,459.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock valued at $229,894,000 after purchasing an additional 2,934,656 shares during the last quarter. Norges Bank purchased a new position in shares of Bunge Global during the fourth quarter valued at approximately $148,857,000. Invesco Ltd. grew its holdings in Bunge Global by 28.6% during the fourth quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after buying an additional 713,561 shares in the last quarter. FMR LLC raised its position in Bunge Global by 25.3% in the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock valued at $269,488,000 after buying an additional 699,889 shares during the last quarter. Finally, Amundi lifted its stake in Bunge Global by 24.9% during the 4th quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock valued at $190,476,000 after acquiring an additional 490,153 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Price Performance

NYSE BG traded up $2.53 during trading on Friday, reaching $78.91. The company's stock had a trading volume of 1,583,532 shares, compared to its average volume of 1,590,514. The firm has a fifty day moving average of $73.73 and a 200 day moving average of $80.74. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The stock has a market capitalization of $10.57 billion, a PE ratio of 9.77, a P/E/G ratio of 2.66 and a beta of 0.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (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%. Analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Morgan Stanley cut their target price on 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. Barclays decreased their target price 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. Citigroup increased their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday. Stephens lowered their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Bank of America reduced 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. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.60.

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.