Voya Investment Management LLC Decreases Stake in Bunge Global SA (NYSE:BG)

Voya Investment Management LLC reduced its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,075 shares of the basic materials company's stock after selling 5,206 shares during the quarter. Voya Investment Management LLC's holdings in Bunge Global were worth $3,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Bunge Global by 25.3% during the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock valued at $269,488,000 after purchasing an additional 699,889 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Bunge Global by 1.0% during 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 acquiring an additional 34,890 shares during the last quarter. Invesco Ltd. grew 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 worth $249,349,000 after purchasing an additional 713,561 shares during the last quarter. Pacer Advisors Inc. raised its position in Bunge Global by 13,459.9% during the 4th 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 last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Bunge Global by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock valued at $193,379,000 after buying an additional 183,701 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America cut their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley dropped their price objective 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. Stephens dropped their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays dropped their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup increased their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Three 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.60.

Bunge Global Stock Up 1.2 %

Shares of NYSE BG traded up $0.92 during mid-day trading on Tuesday, reaching $78.74. 1,427,394 shares of the company's stock traded hands, compared to its average volume of 1,694,299. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The stock has a market cap of $10.55 billion, a P/E ratio of 9.74, a PEG ratio of 2.66 and a beta of 0.68. The business 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 posted its 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%. On average, analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal 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.