Intech Investment Management LLC Buys 134,249 Shares of Bunge Global SA (NYSE:BG)

Intech Investment Management LLC boosted its holdings in Bunge Global SA (NYSE:BG) by 267.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 184,460 shares of the basic materials company’s stock after acquiring an additional 134,249 shares during the quarter. Intech Investment Management LLC’s holdings in Bunge Global were worth $14,344,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Spire Wealth Management bought a new position in Bunge Global in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Bunge Global in the 3rd quarter valued at about $34,000. Crews Bank & Trust purchased a new stake in Bunge Global in the 4th quarter valued at about $39,000. R Squared Ltd purchased a new stake in Bunge Global in the 4th quarter valued at about $45,000. Finally, Financial Perspectives Inc increased its stake in Bunge Global by 585.0% in the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after buying an additional 585 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of 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. Bank of America decreased their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Stephens decreased their price objective on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Barclays decreased their price target on shares of 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. Three equities 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Trading Up 0.9 %

Shares of BG stock opened at $74.57 on Tuesday. The company has a 50 day moving average of $74.77 and a 200-day moving average of $84.44. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The firm has a market cap of $9.99 billion, a P/E ratio of 9.23, a PEG ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG) last released its quarterly earnings data 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%. Sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

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.