Bunge Global SA (NYSE:BG) Shares Purchased by Foster & Motley Inc.

Foster & Motley Inc. boosted its stake in Bunge Global SA (NYSE:BG - Free Report) by 49.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,577 shares of the basic materials company's stock after acquiring an additional 7,480 shares during the period. Foster & Motley Inc.'s holdings in Bunge Global were worth $2,279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BG. Vanguard Group Inc. raised its holdings in shares of Bunge Global by 0.3% in the third quarter. Vanguard Group Inc. now owns 18,376,767 shares of the basic materials company's stock valued at $1,989,285,000 after buying an additional 60,660 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Bunge Global by 28.9% in the third quarter. Bank of New York Mellon Corp now owns 2,942,342 shares of the basic materials company's stock valued at $318,509,000 after buying an additional 659,471 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Bunge Global by 2.8% in the third quarter. Northern Trust Corp now owns 2,763,072 shares of the basic materials company's stock valued at $299,103,000 after buying an additional 75,936 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Bunge Global by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,776 shares of the basic materials company's stock worth $145,680,000 after acquiring an additional 14,620 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Bunge Global by 55.8% during the third quarter. Royal Bank of Canada now owns 613,412 shares of the basic materials company's stock worth $66,402,000 after acquiring an additional 219,819 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BG. Barclays dropped their price target on shares of Bunge Global from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 23rd. The Goldman Sachs Group dropped their price target on shares of Bunge Global from $141.00 to $126.00 and set a "buy" rating on the stock in a research note on Tuesday, February 13th. StockNews.com lowered shares of Bunge Global from a "buy" rating to a "hold" rating in a research note on Monday, February 26th. Wolfe Research lowered shares of Bunge Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 10th. Finally, BMO Capital Markets lowered 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. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $120.44.

Bunge Global Price Performance

Shares of BG stock traded down $0.13 during trading hours on Tuesday, hitting $109.62. The company's stock had a trading volume of 2,057,777 shares, compared to its average volume of 1,743,803. The business has a fifty day moving average of $98.69 and a 200-day moving average of $99.94. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 7.36 and a beta of 0.64. Bunge Global SA has a twelve month low of $86.10 and a twelve month high of $116.59. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, beating the consensus estimate of $2.81 by $0.89. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.96 billion. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The company's quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.24 earnings per share. As a group, equities research analysts anticipate that Bunge Global SA will post 9.26 EPS for the current 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.