Bunge Global SA (NYSE:BG) Shares Purchased by Truist Financial Corp

Truist Financial Corp increased its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 146.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,366 shares of the basic materials company's stock after purchasing an additional 37,645 shares during the period. Truist Financial Corp's holdings in Bunge Global were worth $6,397,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BG. SVB Wealth LLC bought a new stake in shares of Bunge Global during the third quarter valued at approximately $202,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Bunge Global by 174.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,688 shares of the basic materials company's stock valued at $3,971,000 after purchasing an additional 23,338 shares during the last quarter. Raymond James & Associates grew its position in shares of Bunge Global by 4.4% during the third quarter. Raymond James & Associates now owns 45,228 shares of the basic materials company's stock valued at $4,896,000 after purchasing an additional 1,923 shares in the last quarter. Bank of New York Mellon Corp increased 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 worth $318,509,000 after purchasing an additional 659,471 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its position in shares of Bunge Global by 0.9% in the third quarter. New York State Teachers Retirement System now owns 137,945 shares of the basic materials company's stock worth $14,933,000 after buying an additional 1,163 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BG shares. Roth Mkm reduced their price objective on Bunge Global from $161.00 to $138.00 and set a "buy" rating on the stock in a research note on Monday, February 5th. The Goldman Sachs Group dropped their price objective on shares of Bunge Global from $141.00 to $126.00 and set a "buy" rating for the company in a research note on Tuesday, February 13th. 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. StockNews.com lowered Bunge Global from a "buy" rating to a "hold" rating in a research report on Monday, February 26th. Finally, HSBC upgraded Bunge Global from a "hold" rating to a "buy" rating and decreased their price objective for the company from $122.00 to $105.00 in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $121.00.

Bunge Global Stock Performance

Shares of Bunge Global stock traded down $0.21 during trading on Friday, hitting $101.15. 995,457 shares of the company's stock were exchanged, compared to its average volume of 1,591,450. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 8.14 and a beta of 0.65. The business has a 50-day simple moving average of $100.39 and a 200-day simple moving average of $99.92. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.99.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, beating analysts' consensus estimates of $2.55 by $0.49. The business had revenue of $13.42 billion during the quarter, compared to analyst estimates of $13.96 billion. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The company's revenue was down 12.5% on a year-over-year basis. During the same quarter last year, the business posted $3.26 EPS. On average, research analysts forecast that Bunge Global SA will post 9.03 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.