abrdn plc Increases Stock Holdings in Bunge Global SA (NYSE:BG)

abrdn plc lifted its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 572,162 shares of the basic materials company's stock after acquiring an additional 64,887 shares during the period. abrdn plc owned 0.39% of Bunge Global worth $57,760,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Loomis Sayles & Co. L P boosted its position in shares of Bunge Global by 169.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 146 shares during the last quarter. Rise Advisors LLC boosted its position in shares of Bunge Global by 40.6% during the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 117 shares during the last quarter. Ramirez Asset Management Inc. acquired a new position in Bunge Global in the third quarter valued at about $54,000. Harvest Fund Management Co. Ltd lifted its position in Bunge Global by 24.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company's stock valued at $63,000 after buying an additional 115 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Bunge Global in the third quarter valued at about $69,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Trading Up 0.2 %

NYSE:BG traded up $0.23 on Monday, reaching $109.75. 1,598,846 shares of the company's stock were exchanged, compared to its average volume of 1,739,711. The business has a fifty day moving average of $98.27 and a 200-day moving average of $99.89. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.35. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 7.37 and a beta of 0.64.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results 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 net margin of 3.77% and a return on equity of 18.30%. The firm had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.96 billion. During the same period in the prior year, the firm earned $3.24 earnings per share. The business's quarterly revenue was down 10.3% compared to the same quarter last year. As a group, analysts expect that Bunge Global SA will post 9.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on BG. HSBC raised shares of Bunge Global from a "hold" rating to a "buy" rating and decreased their target price for the company from $122.00 to $105.00 in a research report on Friday, February 9th. BMO Capital Markets decreased their target price on shares of Bunge Global from $130.00 to $120.00 and set an "outperform" rating on the stock in a research report on Thursday, February 8th. Citigroup upped their target price on shares of Bunge Global from $108.00 to $117.00 and gave the company a "buy" rating in a research report on Wednesday, April 3rd. Wolfe Research cut shares of Bunge Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 10th. Finally, Robert W. Baird cut their price target on shares of Bunge Global from $125.00 to $108.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $120.44.

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.