Bunge Global SA (NYSE:BG) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC grew its position in Bunge Global SA (NYSE:BG) by 30.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 145,322 shares of the basic materials company’s stock after acquiring an additional 33,677 shares during the quarter. Empowered Funds LLC’s holdings in Bunge Global were worth $11,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. State Street Corp boosted its holdings in shares of Bunge Global by 7.6% in the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after acquiring an additional 500,897 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Bunge Global by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company’s stock valued at $329,697,000 after acquiring an additional 45,159 shares during the period. Pacer Advisors Inc. lifted its holdings 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. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bunge Global by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company’s stock worth $139,608,000 after purchasing an additional 50,615 shares during the period. Finally, abrdn plc lifted its holdings in shares of Bunge Global by 2.0% during the third quarter. abrdn plc now owns 608,837 shares of the basic materials company’s stock worth $58,990,000 after purchasing an additional 11,808 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BG. Barclays decreased their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday. Stephens decreased their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

Bunge Global Trading Up 0.5 %

NYSE:BG opened at $69.61 on Friday. The stock has a fifty day moving average price of $79.34 and a two-hundred day moving average price of $89.72. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 8.62 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.15. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. As a group, sell-side analysts anticipate that Bunge Global SA will post 7.75 earnings per share 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.