National Bank of Canada FI Has $7.92 Million Stock Holdings in Bunge Global SA (NYSE:BG)

National Bank of Canada FI increased its position in shares of Bunge Global SA (NYSE:BG) by 175.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,862 shares of the basic materials company’s stock after buying an additional 64,920 shares during the quarter. National Bank of Canada FI owned about 0.07% of Bunge Global worth $7,921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted 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 purchasing an additional 500,897 shares in the last quarter. Geode Capital Management LLC lifted its stake in Bunge Global by 1.3% during the 3rd 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 in the last quarter. Pacer Advisors Inc. grew its stake in shares of Bunge Global by 13,459.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after acquiring an additional 2,934,656 shares in the last quarter. Amundi boosted its holdings in Bunge Global by 24.9% during the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company’s stock worth $190,476,000 after purchasing an additional 490,153 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Bunge Global during the 4th quarter worth approximately $148,857,000. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

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

Bunge Global Stock Down 6.3 %

BG opened at $73.30 on Friday. The firm has a market capitalization of $9.82 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The company has a fifty day moving average price of $73.69 and a 200-day moving average price of $82.28. 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 (NYSE:BG) last posted its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 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%. Equities research analysts expect that Bunge Global SA will post 7.94 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.