Dimensional Fund Advisors LP Boosts Stake in Bunge Global SA (NYSE:BG)

Dimensional Fund Advisors LP raised its holdings in Bunge Global SA (NYSE:BG - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,486,976 shares of the basic materials company's stock after acquiring an additional 183,701 shares during the quarter. Dimensional Fund Advisors LP owned 1.78% of Bunge Global worth $193,379,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Spire Wealth Management purchased a new stake in Bunge Global during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global during the 3rd quarter worth $34,000. Crews Bank & Trust purchased a new stake in shares of Bunge Global in the 4th quarter worth about $39,000. R Squared Ltd acquired a new stake in Bunge Global in the 4th quarter valued at about $45,000. Finally, Financial Perspectives Inc increased its holdings in Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 585 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BG has been the topic of several research reports. Barclays lowered their price target on shares of 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. Bank of America lowered their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Citigroup boosted their price target on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Stephens decreased their price objective on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, 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 report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $85.60.

Bunge Global Trading Down 0.4 %

Shares of BG stock traded down $0.34 during mid-day trading on Tuesday, hitting $80.32. 128,052 shares of the company's stock were exchanged, compared to its average volume of 1,562,363. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 2.66 and a beta of 0.59. The stock has a 50-day simple moving average of $75.13 and a two-hundred day simple moving average of $79.66. 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 quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Equities analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal 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.