Royal London Asset Management Ltd. Buys 11,586 Shares of Bunge Global SA (NYSE:BG)

Royal London Asset Management Ltd. increased its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 15.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,406 shares of the basic materials company's stock after acquiring an additional 11,586 shares during the quarter. Royal London Asset Management Ltd. owned about 0.06% of Bunge Global worth $6,719,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp lifted its position in 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. Geode Capital Management LLC grew its holdings in Bunge Global by 1.3% in 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 buying an additional 45,159 shares in the last quarter. Pacer Advisors Inc. increased its position in 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 worth $229,894,000 after buying an additional 2,934,656 shares during the period. Amundi boosted its position in shares of Bunge Global by 24.9% in the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock valued at $190,476,000 after acquiring an additional 490,153 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Bunge Global by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,502,083 shares of the basic materials company's stock valued at $116,802,000 after acquiring an additional 57,462 shares in the last quarter. Institutional investors own 86.23% of the company's stock.

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Bunge Global Price Performance

Shares of BG traded up $2.27 during trading hours on Thursday, reaching $76.46. The stock had a trading volume of 1,733,794 shares, compared to its average volume of 1,496,264. 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 12 month low of $67.40 and a 12 month high of $114.92. The stock has a market capitalization of $10.24 billion, a PE ratio of 9.46, a PEG ratio of 2.66 and a beta of 0.67. The company's 50-day moving average is $73.98 and its two-hundred day moving average is $83.28.

Bunge Global (NYSE:BG - Get Free Report) last posted its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS 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%. Research analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Upgrades and Downgrades

BG has been the subject of a number of recent research reports. Stephens cut their price objective on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America cut their target price 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. Barclays decreased 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. Finally, Morgan Stanley lowered their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

About Bunge Global

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.