Bunge Global SA (NYSE:BG) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 53.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,657 shares of the basic materials company's stock after purchasing an additional 32,020 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Bunge Global worth $9,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Bunge Global by 12.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 17,858 shares of the basic materials company's stock worth $1,979,000 after buying an additional 1,994 shares during the last quarter. HighTower Advisors LLC purchased a new position in Bunge Global in the first quarter worth $494,000. Yousif Capital Management LLC grew its holdings in Bunge Global by 6.5% in the first quarter. Yousif Capital Management LLC now owns 8,767 shares of the basic materials company's stock worth $971,000 after purchasing an additional 535 shares during the last quarter. Prudential PLC purchased a new stake in shares of Bunge Global during the 1st quarter valued at $530,000. Finally, Vanguard Group Inc. boosted its position in shares of Bunge Global by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 14,105,841 shares of the basic materials company's stock worth $1,563,069,000 after purchasing an additional 696,806 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BG. Roth Mkm reduced their target price on Bunge Global from $161.00 to $138.00 and set a "buy" rating on the stock in a research report on Monday, February 5th. Barclays lowered their target price on shares of Bunge Global from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Tuesday, January 23rd. Citigroup boosted their target price on shares of Bunge Global from $108.00 to $117.00 and gave the stock a "buy" rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group decreased their price target on shares of Bunge Global from $141.00 to $126.00 and set a "buy" rating for the company in a report on Tuesday, February 13th. Finally, StockNews.com downgraded shares of Bunge Global from a "buy" rating to a "hold" rating in a research note on Monday, February 26th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $120.44.

Bunge Global Stock Performance

Shares of NYSE:BG traded up $0.54 during midday trading on Tuesday, reaching $107.06. The company's stock had a trading volume of 1,236,353 shares, compared to its average volume of 1,764,937. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $95.17 and a 200 day moving average of $99.98. Bunge Global SA has a twelve month low of $86.10 and a twelve month high of $116.59. The firm has a market capitalization of $15.35 billion, a PE ratio of 7.19 and a beta of 0.64.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share for the quarter, topping analysts' consensus estimates of $2.81 by $0.89. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. The company had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.96 billion. During the same quarter in the previous year, the company posted $3.24 earnings per share. The firm's revenue for the quarter was down 10.3% compared to the same quarter last year. On average, equities analysts expect that Bunge Global SA will post 9.46 EPS for the current fiscal year.

About Bunge Global

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.