Price T Rowe Associates Inc. MD Grows Position in Bunge Global SA (NYSE:BG)

Price T Rowe Associates Inc. MD grew its holdings in Bunge Global SA (NYSE:BG - Free Report) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,033 shares of the basic materials company's stock after buying an additional 3,582 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.15% of Bunge Global worth $15,867,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BG. FMR LLC lifted its holdings in Bunge Global by 25.3% in the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock valued at $269,488,000 after acquiring an additional 699,889 shares during the period. Geode Capital Management LLC lifted its stake in shares of Bunge Global by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock valued at $268,205,000 after purchasing an additional 34,890 shares during the period. Invesco Ltd. lifted its stake in shares of Bunge Global by 28.6% in the fourth quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock valued at $249,349,000 after purchasing an additional 713,561 shares during the period. Pacer Advisors Inc. grew its position in Bunge Global by 13,459.9% during the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after buying an additional 2,934,656 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Bunge Global by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock worth $193,379,000 after buying an additional 183,701 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BG. Morgan Stanley decreased their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Barclays lowered their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Bank of America cut their price target on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Stephens lowered their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Citigroup lifted their price objective on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Bunge Global has a consensus rating of "Moderate Buy" and an average price target of $85.60.

Bunge Global Trading Up 1.2 %

Shares of Bunge Global stock traded up $0.92 during mid-day trading on Tuesday, hitting $78.74. 1,427,394 shares of the stock were exchanged, compared to its average volume of 1,694,299. The stock has a market capitalization of $10.55 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $75.71 and a 200 day simple moving average of $79.12.

Bunge Global (NYSE:BG - Get Free Report) last announced its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Research analysts forecast that Bunge Global SA will post 7.94 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.