Elo Mutual Pension Insurance Co Acquires 4,639 Shares of Bunge Global SA (NYSE:BG)

Elo Mutual Pension Insurance Co grew its holdings in Bunge Global SA (NYSE:BG - Free Report) by 36.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,281 shares of the basic materials company's stock after purchasing an additional 4,639 shares during the period. Elo Mutual Pension Insurance Co's holdings in Bunge Global were worth $1,344,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BG. State Street Corp boosted its position in 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 valued at $681,467,000 after purchasing an additional 500,897 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Bunge Global by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company's stock valued at $329,697,000 after buying an additional 45,159 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Bunge Global by 13,459.9% in 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 buying an additional 2,934,656 shares during the last quarter. Amundi grew its stake in shares of Bunge Global by 24.9% in the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock valued at $190,476,000 after buying an additional 490,153 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Bunge Global by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,502,083 shares of the basic materials company's stock worth $116,802,000 after buying an additional 57,462 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Performance

Bunge Global stock traded down $4.90 during trading hours on Friday, hitting $73.30. The company had a trading volume of 2,439,327 shares, compared to its average volume of 1,572,093. The firm has a 50-day moving average of $73.69 and a 200 day moving average of $82.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The firm has a market cap of $9.82 billion, a PE ratio of 9.07, a PEG ratio of 2.66 and a beta of 0.67. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last posted its 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%. On average, sell-side analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays cut their price target on shares of 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. Bank of America reduced their price target on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Morgan Stanley dropped their price objective 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. Finally, Stephens reduced their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Three investment 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. Based on data from MarketBeat.com, Bunge Global presently has a consensus rating of "Moderate Buy" and an average target price of $93.00.

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.