Aware Super Pty Ltd as trustee of Aware Super Takes Position in Bunge Global SA (NYSE:BG)

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Bunge Global SA (NYSE:BG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,558 shares of the basic materials company's stock, valued at approximately $1,754,000.

Several other institutional investors and hedge funds have also made changes to their positions in BG. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Bunge Global by 3.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock valued at $351,000 after acquiring an additional 170 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in shares of Bunge Global by 25.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after buying an additional 178 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Bunge Global by 32.3% during the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after buying an additional 194 shares during the period. Abbot Financial Management Inc. increased its position in Bunge Global by 0.9% in the 4th quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock valued at $1,786,000 after acquiring an additional 205 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Bunge Global by 15.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock valued at $129,000 after acquiring an additional 225 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Citigroup raised their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Barclays dropped their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Stephens reduced their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, Bank of America decreased their price target 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. Three investment 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 $85.60.

Bunge Global Trading Down 0.3 %

BG traded down $0.25 during trading on Monday, hitting $78.71. The company's stock had a trading volume of 167,598 shares, compared to its average volume of 1,581,847. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The stock has a market cap of $10.54 billion, a PE ratio of 9.74, a PEG ratio of 2.66 and a beta of 0.59. The firm's 50 day moving average price is $73.91 and its 200-day moving average price is $80.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27.

Bunge Global (NYSE:BG - Get Free Report) last released its 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 return on equity of 11.73% and a net margin of 2.14%. On average, analysts expect 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.