Amundi Buys 490,153 Shares of Bunge Global SA (NYSE:BG)

Amundi lifted its position in Bunge Global SA (NYSE:BG) by 24.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,457,864 shares of the basic materials company’s stock after acquiring an additional 490,153 shares during the quarter. Amundi owned approximately 1.76% of Bunge Global worth $190,476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BG. Spire Wealth Management purchased a new position in Bunge Global in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Bunge Global during the 3rd quarter worth $34,000. Crews Bank & Trust purchased a new position in shares of Bunge Global in the 4th quarter worth about $39,000. Farther Finance Advisors LLC grew its position in Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after buying an additional 124 shares during the period. Finally, R Squared Ltd purchased a new stake in Bunge Global during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

NYSE:BG opened at $75.68 on Monday. The business’s fifty day moving average is $75.16 and its 200 day moving average is $85.51. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 2.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Research analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BG shares. Bank of America reduced 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 report on Tuesday, February 11th. Morgan Stanley cut their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Stephens lowered their price objective on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Barclays dropped their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.00.

About Bunge Global

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.