FMR LLC lifted its stake in Bunge Global SA (NYSE:BG - Free Report) by 25.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,465,636 shares of the basic materials company's stock after purchasing an additional 699,889 shares during the period. FMR LLC owned about 2.48% of Bunge Global worth $269,488,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Bunge Global by 12.5% during the fourth quarter. Russell Investments Group Ltd. now owns 86,931 shares of the basic materials company's stock worth $6,754,000 after purchasing an additional 9,648 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Bunge Global by 9.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 153,620 shares of the basic materials company's stock worth $11,945,000 after buying an additional 13,488 shares during the last quarter. Old West Investment Management LLC lifted its position in shares of Bunge Global by 3.6% during the 4th quarter. Old West Investment Management LLC now owns 124,414 shares of the basic materials company's stock worth $9,674,000 after buying an additional 4,371 shares during the last quarter. Aviva PLC boosted its holdings in shares of Bunge Global by 7.6% in the 4th quarter. Aviva PLC now owns 418,051 shares of the basic materials company's stock valued at $32,508,000 after buying an additional 29,566 shares in the last quarter. Finally, Integrated Quantitative Investments LLC purchased a new position in shares of Bunge Global in the 4th quarter valued at $295,000. Hedge funds and other institutional investors own 86.23% of the company's stock.
Bunge Global Stock Performance
Shares of BG traded up $1.64 during mid-day trading on Thursday, hitting $78.02. The stock had a trading volume of 214,737 shares, compared to its average volume of 1,586,993. The company's fifty day simple moving average is $73.53 and its two-hundred day simple moving average is $80.86. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The company has a market cap of $10.45 billion, a PE ratio of 9.68, a PEG ratio of 2.66 and a beta of 0.59. 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 released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. On average, equities analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on BG. Stephens dropped their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays cut 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 report on Thursday, February 6th. Morgan Stanley dropped their target price on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Citigroup lifted their target price on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Bank of America dropped their price target 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 investment 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 company. Based on data from MarketBeat, Bunge Global presently has an average rating of "Moderate Buy" and a consensus price target of $85.60.
Get Our Latest Stock Analysis on BG
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.
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