Bunge Global SA (NYSE:BG) Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC increased its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 571.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,730 shares of the basic materials company's stock after buying an additional 40,622 shares during the period. Moran Wealth Management LLC's holdings in Bunge Global were worth $3,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Franklin Resources Inc. raised its holdings in 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 purchasing an additional 39,646 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Bunge Global by 7.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock valued at $302,000 after buying an additional 278 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Bunge Global by 39.6% during the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock worth $1,665,000 after buying an additional 6,077 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Bunge Global in the 3rd quarter worth about $888,000. Finally, State Street Corp boosted its position 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 worth $681,467,000 after buying an additional 500,897 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

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Bunge Global Trading Up 0.6 %

Shares of BG traded up $0.42 on Friday, hitting $74.01. 1,099,874 shares of the stock traded hands, compared to its average volume of 1,487,124. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The stock's 50 day moving average is $74.99 and its two-hundred day moving average is $85.12. The firm has a market capitalization of $9.92 billion, a P/E ratio of 9.16, a P/E/G ratio of 2.66 and a beta of 0.67. 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 issued its quarterly earnings results 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, sell-side analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BG. Stephens cut their target price on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. 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, February 11th. Bank of America reduced their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, 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. 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. Based on data from MarketBeat.com, Bunge Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

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.