Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 277.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,511 shares of the basic materials company's stock after purchasing an additional 58,465 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Bunge Global worth $6,183,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. raised its position in shares of Bunge Global by 16.9% during the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock valued at $26,371,000 after purchasing an additional 39,646 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock valued at $302,000 after purchasing an additional 278 shares during the period. Vontobel Holding Ltd. increased its holdings in Bunge Global by 39.6% in the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock valued at $1,665,000 after acquiring an additional 6,077 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in Bunge Global in the 3rd quarter valued at $888,000. Finally, State Street Corp increased its holdings in Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company's stock valued at $681,467,000 after acquiring an additional 500,897 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on BG shares. 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 report on Thursday, February 6th. Morgan Stanley reduced their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Bank of America reduced their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Finally, Stephens reduced their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $93.00.
Check Out Our Latest Report on BG
Bunge Global Price Performance
Shares of NYSE:BG traded up $0.51 on Wednesday, reaching $75.22. The company's stock had a trading volume of 1,469,246 shares, compared to its average volume of 1,617,633. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The company has a market cap of $10.08 billion, a P/E ratio of 9.31, a PEG ratio of 2.66 and a beta of 0.67. The company has a 50-day simple moving average of $74.71 and a 200 day simple moving average of $84.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15.
Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.
Bunge Global Profile
(
Free Report)
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.
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