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Empowered Funds LLC Has $11.30 Million Holdings in Bunge Global SA (NYSE:BG)

Bunge Global logo with Basic Materials background

Empowered Funds LLC boosted its holdings in Bunge Global SA (NYSE:BG - Free Report) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,322 shares of the basic materials company's stock after acquiring an additional 33,677 shares during the quarter. Empowered Funds LLC owned about 0.10% of Bunge Global worth $11,300,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BG. State Street Corp increased its holdings in shares of 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 purchasing an additional 500,897 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Bunge Global by 1.3% during 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 acquiring an additional 45,159 shares during the period. Pacer Advisors Inc. lifted its position in shares of 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 acquiring an additional 2,934,656 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Bunge Global by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company's stock worth $139,608,000 after acquiring an additional 50,615 shares during the period. Finally, abrdn plc increased its stake in Bunge Global by 2.0% in the 3rd quarter. abrdn plc now owns 608,837 shares of the basic materials company's stock valued at $58,990,000 after purchasing an additional 11,808 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BG shares. Barclays lowered their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Bank of America dropped their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday. Stephens reduced their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, 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. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Bunge Global has a consensus rating of "Moderate Buy" and an average target price of $98.50.

Read Our Latest Research Report on Bunge Global

Bunge Global Stock Down 1.2 %

Bunge Global stock traded down $0.81 during midday trading on Wednesday, hitting $69.11. The stock had a trading volume of 1,630,711 shares, compared to its average volume of 1,651,546. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The company has a current ratio of 2.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $78.22 and a 200 day moving average price of $88.80. The stock has a market cap of $9.65 billion, a P/E ratio of 8.55 and a beta of 0.69.

Bunge Global (NYSE:BG - Get Free Report) last issued 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%. Research analysts predict that Bunge Global SA will post 7.75 EPS for the current year.

About Bunge Global

(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.

See Also

Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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