Northern Trust Corp Has $184.17 Million Stock Position in Bunge Global SA (NYSE:BG)

Northern Trust Corp raised its position in Bunge Global SA (NYSE:BG - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,368,399 shares of the basic materials company's stock after purchasing an additional 112,333 shares during the period. Northern Trust Corp owned approximately 1.70% of Bunge Global worth $184,167,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BG. Barclays PLC increased its stake in Bunge Global by 17.2% during the 3rd quarter. Barclays PLC now owns 454,722 shares of the basic materials company's stock worth $43,945,000 after purchasing an additional 66,681 shares in the last quarter. Virtu Financial LLC bought a new stake in Bunge Global in the 3rd quarter valued at $620,000. Wilmington Savings Fund Society FSB bought a new position in Bunge Global during the 3rd quarter worth about $34,000. Synovus Financial Corp lifted its holdings in shares of Bunge Global by 16.5% in the third quarter. Synovus Financial Corp now owns 5,124 shares of the basic materials company's stock valued at $495,000 after purchasing an additional 724 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Bunge Global by 16.9% during the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock worth $26,371,000 after buying an additional 39,646 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of BG stock traded down $1.96 during trading on Wednesday, reaching $76.20. 977,307 shares of the company's stock were exchanged, compared to its average volume of 1,697,291. The stock has a market capitalization of $10.21 billion, a PE ratio of 9.43, a PEG ratio of 2.66 and a beta of 0.68. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The firm's fifty day moving average price is $75.81 and its 200-day moving average price is $79.11. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. During the same period in the previous year, the business posted $3.04 earnings per share. The firm's quarterly revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BG shares. Barclays lowered their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Morgan Stanley reduced their price objective 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 lowered their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Citigroup increased their price target on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Finally, Stephens lowered their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bunge Global presently has a consensus rating of "Moderate Buy" and an average price target of $85.60.

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.