Victory Capital Management Inc. Has $18.13 Million Holdings in Bunge Global SA (NYSE:BG)

Victory Capital Management Inc. boosted its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 79.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,171 shares of the basic materials company's stock after purchasing an additional 103,473 shares during the period. Victory Capital Management Inc. owned 0.17% of Bunge Global worth $18,131,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Spire Wealth Management acquired a new position in Bunge Global during the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global in the third quarter worth about $34,000. Farther Finance Advisors LLC lifted its position in shares of Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock worth $42,000 after purchasing an additional 124 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of Bunge Global during the fourth quarter valued at approximately $39,000. Finally, R Squared Ltd acquired a new stake in shares of Bunge Global in the fourth quarter valued at approximately $45,000. Institutional investors own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BG shares. Stephens decreased their price objective on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Morgan Stanley decreased their price target 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. Barclays dropped their price objective on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, Bank of America reduced their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Bunge Global has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

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Bunge Global Price Performance

Shares of BG opened at $74.36 on Wednesday. The stock has a market cap of $9.96 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. 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 price is $75.08 and its two-hundred day moving average price is $85.20. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG - Get Free Report) last released 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 return on equity of 11.73% and a net margin of 2.14%. On average, equities analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

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.

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