Invesco Ltd. Acquires 713,561 Shares of Bunge Global SA (NYSE:BG)

Invesco Ltd. increased its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 28.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,206,646 shares of the basic materials company's stock after acquiring an additional 713,561 shares during the period. Invesco Ltd. owned about 2.30% of Bunge Global worth $249,349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its stake in Bunge Global by 15.8% in the 4th quarter. Cerity Partners LLC now owns 22,835 shares of the basic materials company's stock valued at $1,823,000 after buying an additional 3,113 shares in the last quarter. FMR LLC lifted its position in shares of Bunge Global by 25.3% during the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock worth $269,488,000 after purchasing an additional 699,889 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of 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 buying an additional 9,648 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Bunge Global by 9.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 153,620 shares of the basic materials company's stock worth $11,945,000 after acquiring an additional 13,488 shares during the period. Finally, Old West Investment Management LLC raised its position in Bunge Global by 3.6% in the 4th quarter. Old West Investment Management LLC now owns 124,414 shares of the basic materials company's stock valued at $9,674,000 after buying an additional 4,371 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Trading Up 1.4 %

BG traded up $1.04 during midday trading on Wednesday, hitting $77.24. 168,791 shares of the company were exchanged, compared to its average volume of 1,745,615. The firm has a market capitalization of $10.35 billion, a P/E ratio of 9.56, a P/E/G ratio of 2.66 and a beta of 0.59. The firm's 50 day moving average price is $73.40 and its 200-day moving average price is $80.89. 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 SA has a 1-year low of $67.40 and a 1-year high of $114.92.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on BG. 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 research report on Tuesday, February 11th. Citigroup upped their price target on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday. Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Barclays lowered their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report 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 on the stock in a report on Tuesday, February 11th. Three research 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $85.60.

Bunge Global 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.