Wellington Management Group LLP Buys 55,861 Shares of Bunge Global SA (NYSE:BG)

Wellington Management Group LLP grew its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 30.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 240,595 shares of the basic materials company's stock after buying an additional 55,861 shares during the period. Wellington Management Group LLP owned approximately 0.17% of Bunge Global worth $18,709,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BG. Pacer Advisors Inc. increased its holdings 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 valued at $229,894,000 after purchasing an additional 2,934,656 shares in the last quarter. Norges Bank bought a new stake in shares of Bunge Global during the fourth quarter valued at approximately $148,857,000. Amundi increased its holdings 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 purchasing an additional 490,153 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Bunge Global by 173.5% during the 4th quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company's stock worth $23,537,000 after buying an additional 191,999 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of Bunge Global by 267.4% in the 4th quarter. Intech Investment Management LLC now owns 184,460 shares of the basic materials company's stock valued at $14,344,000 after buying an additional 134,249 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Price Performance

NYSE BG traded down $0.18 during trading on Monday, hitting $76.12. 60,507 shares of the company's stock were exchanged, compared to its average volume of 1,754,680. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. 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 company has a market cap of $10.20 billion, a PE ratio of 9.43, a P/E/G ratio of 2.66 and a beta of 0.59. The stock's 50 day moving average price is $73.11 and its two-hundred day moving average price is $81.07.

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 (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.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BG. Morgan Stanley dropped their price target 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 dropped their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Stephens lowered their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Barclays decreased their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $93.00.

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.