First Trust Advisors LP Purchases 98,819 Shares of Bunge Global SA (NYSE:BG)

First Trust Advisors LP lifted its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 24.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 502,870 shares of the basic materials company's stock after purchasing an additional 98,819 shares during the period. First Trust Advisors LP owned 0.36% of Bunge Global worth $39,103,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its position in shares of Bunge Global by 25.3% in the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock valued at $269,488,000 after acquiring an additional 699,889 shares during the period. Geode Capital Management LLC raised its stake in Bunge Global by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock valued at $268,205,000 after buying an additional 34,890 shares during the period. Invesco Ltd. increased its holdings in shares of Bunge Global by 28.6% during the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after acquiring an additional 713,561 shares during the last quarter. Pacer Advisors Inc. raised its stake in Bunge Global by 13,459.9% in 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 acquiring an additional 2,934,656 shares during the period. Finally, Amundi boosted its position in Bunge Global by 24.9% during the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock worth $190,476,000 after purchasing an additional 490,153 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BG. Stephens cut their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Citigroup increased their target price on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Barclays lowered their price objective 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. Bank of America dropped their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Finally, Morgan Stanley lowered their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Bunge Global has a consensus rating of "Moderate Buy" and an average target price of $85.60.

Bunge Global Price Performance

Shares of Bunge Global stock traded down $1.57 on Wednesday, reaching $78.68. 2,188,947 shares of the stock were exchanged, compared to its average volume of 1,568,835. The firm's 50 day moving average is $75.42 and its 200-day moving average is $79.66. The firm has a market cap of $10.54 billion, a PE ratio of 9.74, a P/E/G ratio of 2.66 and a beta of 0.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. As a group, analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal 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.