Vanguard Group Inc. Has $1.34 Billion Stock Position in Bunge Global SA (NYSE:BG)

Vanguard Group Inc. trimmed its holdings in Bunge Global SA (NYSE:BG - Free Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,219,370 shares of the basic materials company's stock after selling 113,194 shares during the quarter. Vanguard Group Inc. owned about 12.33% of Bunge Global worth $1,338,978,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Old West Investment Management LLC lifted its stake in Bunge Global by 6.7% in the 3rd quarter. Old West Investment Management LLC now owns 120,043 shares of the basic materials company's stock worth $11,601,000 after acquiring an additional 7,489 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Bunge Global by 4.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 30,489 shares of the basic materials company's stock worth $2,947,000 after purchasing an additional 1,261 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Bunge Global during the third quarter valued at about $859,000. Quantbot Technologies LP acquired a new position in shares of Bunge Global in the third quarter valued at $751,000. Finally, Brooklyn Investment Group bought a new stake in shares of Bunge Global in the 3rd quarter valued at approximately $98,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on BG shares. Morgan Stanley dropped their price objective 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. Bank of America reduced their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Stephens lowered their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Barclays decreased their price target 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 equities research 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.00.

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Bunge Global Stock Up 0.5 %

Shares of NYSE BG traded up $0.35 during mid-day trading on Tuesday, hitting $76.77. The company had a trading volume of 175,604 shares, compared to its average volume of 1,557,698. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The company has a market capitalization of $10.28 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The firm has a 50-day simple moving average of $73.80 and a two-hundred day simple moving average of $82.75.

Bunge Global (NYSE:BG - Get Free Report) last issued 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 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 EPS for the current year.

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.