Bunge Global SA (NYSE:BG) Shares Acquired by DoubleLine ETF Adviser LP

DoubleLine ETF Adviser LP lifted its holdings in shares of Bunge Global SA (NYSE:BG) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,913 shares of the basic materials company’s stock after acquiring an additional 183 shares during the period. DoubleLine ETF Adviser LP’s holdings in Bunge Global were worth $615,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in shares of 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 purchasing an additional 20,942 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Bunge Global by 7.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after buying an additional 278 shares during the period. Franklin Resources Inc. lifted its stake in Bunge Global by 16.9% in the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after buying an additional 39,646 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Bunge Global by 39.6% in the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock valued at $1,665,000 after acquiring an additional 6,077 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Bunge Global by 12.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company’s stock worth $2,935,000 after acquiring an additional 4,296 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 0.9 %

BG opened at $79.19 on Friday. 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 12 month low of $67.40 and a 12 month high of $114.92. The stock has a market capitalization of $10.61 billion, a P/E ratio of 9.80, a P/E/G ratio of 2.66 and a beta of 0.59. The business has a 50 day simple moving average of $75.62 and a 200-day simple moving average of $79.42.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS 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, equities analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BG shares. Morgan Stanley lowered their price objective on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Bank of America lowered their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Barclays reduced their price objective 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. Citigroup boosted their target price on Bunge Global from $76.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday, April 15th. Finally, Stephens decreased their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three investment 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.