Intech Investment Management LLC Increases Stock Holdings in Bunge Global SA (NYSE:BG)

Intech Investment Management LLC raised its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 267.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,460 shares of the basic materials company's stock after purchasing an additional 134,249 shares during the period. Intech Investment Management LLC owned approximately 0.13% of Bunge Global worth $14,344,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of Bunge Global by 16.9% during the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock worth $26,371,000 after buying an additional 39,646 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Bunge Global by 7.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock worth $302,000 after acquiring an additional 278 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Bunge Global by 39.6% during the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock worth $1,665,000 after acquiring an additional 6,077 shares during the last quarter. iA Global Asset Management Inc. bought a new position in shares of Bunge Global during the third quarter worth about $888,000. Finally, State Street Corp raised its position in shares of 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 worth $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 and hedge funds.

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Bunge Global Stock Down 0.9 %

Bunge Global stock traded down $0.66 during mid-day trading on Friday, reaching $73.29. The stock had a trading volume of 10,331,113 shares, compared to its average volume of 1,495,400. 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 SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The stock's 50-day simple moving average is $74.44 and its 200-day simple moving average is $83.92. The firm has a market capitalization of $9.82 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last announced 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 net margin of 2.14% and a return on equity of 11.73%. On average, sell-side analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BG. Bank of America lowered their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Stephens decreased their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. 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 note on Thursday, February 6th. Finally, Morgan Stanley decreased their target price on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Bunge Global has an average rating of "Moderate Buy" and an average target price of $93.00.

Bunge Global Company 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.