Price T Rowe Associates Inc. MD Purchases 3,582 Shares of Bunge Global SA (NYSE:BG)

Price T Rowe Associates Inc. MD raised its stake in Bunge Global SA (NYSE:BG - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,033 shares of the basic materials company's stock after acquiring 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 reporting period.

Several other hedge funds have also recently bought and sold shares of BG. Pacer Advisors Inc. increased its stake in shares of 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 purchasing an additional 2,934,656 shares during the period. Norges Bank bought a new stake in Bunge Global in the 4th quarter valued at about $148,857,000. Invesco Ltd. increased its holdings in shares of Bunge Global by 28.6% during the fourth quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after purchasing an additional 713,561 shares during the period. FMR LLC boosted its stake in shares of 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 buying an additional 699,889 shares during the period. Finally, Amundi grew its position in Bunge Global by 24.9% during the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock worth $190,476,000 after buying an additional 490,153 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Trading Down 2.4 %

Bunge Global stock traded down $1.88 during mid-day trading on Wednesday, hitting $76.28. 746,176 shares of the stock were exchanged, compared to its average volume of 1,693,195. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The firm's fifty day simple moving average is $75.81 and its two-hundred day simple moving average is $79.11. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 2.66 and a beta of 0.68. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. During the same quarter in the prior year, the business posted $3.04 earnings per share. The company's revenue was down 13.2% on a year-over-year basis. Analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Analysts Set New Price Targets

BG has been the subject of a number of recent analyst reports. Citigroup upped their target price on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Bank of America lowered their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Barclays lowered their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, Morgan Stanley cut 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. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.60.

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.