American Century Companies Inc. Boosts Stake in Bunge Global SA (NYSE:BG)

American Century Companies Inc. lifted its holdings in shares of Bunge Global SA (NYSE:BG) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 241,962 shares of the basic materials company’s stock after acquiring an additional 20,942 shares during the quarter. American Century Companies Inc. owned 0.17% of Bunge Global worth $18,815,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BG. State Street Corp increased its holdings in Bunge Global by 7.6% during the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after purchasing an additional 500,897 shares during the last quarter. Geode Capital Management LLC increased its stake 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 worth $329,697,000 after buying an additional 45,159 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Bunge Global by 13,459.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock valued at $229,894,000 after acquiring an additional 2,934,656 shares in the last quarter. Amundi boosted its stake in Bunge Global by 24.9% during the 4th quarter. Amundi now owns 2,457,864 shares of the basic materials company’s stock valued at $190,476,000 after acquiring an additional 490,153 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Bunge Global by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,502,083 shares of the basic materials company’s stock worth $116,802,000 after acquiring an additional 57,462 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

BG has been the topic of a number of recent analyst reports. Morgan Stanley cut their target price on shares of 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. Bank of America reduced their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Stephens dropped their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Barclays decreased their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Trading Down 0.0 %

Shares of NYSE BG opened at $76.49 on Monday. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $73.86 and its 200 day simple moving average is $82.89.

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

Bunge Global 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.