Raymond James Financial Inc. Purchases Shares of 25,646 Bunge Global SA (NYSE:BG)

Raymond James Financial Inc. purchased a new stake in Bunge Global SA (NYSE:BG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,646 shares of the basic materials company's stock, valued at approximately $1,994,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. raised its position in Bunge Global by 9.5% during the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock worth $18,815,000 after acquiring an additional 20,942 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock worth $302,000 after purchasing an additional 278 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Bunge Global by 16.9% during the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock worth $26,371,000 after purchasing an additional 39,646 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of Bunge Global by 39.6% during the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock worth $1,665,000 after purchasing an additional 6,077 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Bunge Global by 12.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company's stock valued at $2,935,000 after buying an additional 4,296 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Analysts Set New Price Targets

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

Bunge Global Trading Up 0.6 %

Shares of BG traded up $0.49 during mid-day trading on Tuesday, hitting $78.31. The company had a trading volume of 2,458,260 shares, compared to its average volume of 1,578,555. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The business's 50-day simple moving average is $75.81 and its 200-day simple moving average is $79.11. The stock has a market cap of $10.49 billion, a PE ratio of 9.69, a P/E/G 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 results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Sell-side analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

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.