Deutsche Bank AG Increases Stock Position in Bunge Global SA (NYSE:BG)

Deutsche Bank AG increased its position in Bunge Global SA (NYSE:BG) by 33.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,261,979 shares of the basic materials company’s stock after buying an additional 317,902 shares during the quarter. Deutsche Bank AG owned about 0.90% of Bunge Global worth $98,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Bunge Global by 25.3% during the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company’s stock valued at $269,488,000 after acquiring an additional 699,889 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Bunge Global by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company’s stock worth $268,205,000 after buying an additional 34,890 shares during the period. Invesco Ltd. boosted its position in shares of Bunge Global by 28.6% in the fourth quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company’s stock worth $249,349,000 after buying an additional 713,561 shares during the period. Pacer Advisors Inc. grew its stake in shares of 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 buying an additional 2,934,656 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Bunge Global by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company’s stock valued at $193,379,000 after buying an additional 183,701 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

BG has been the subject of several recent research reports. Barclays lowered 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 research report on Thursday, February 6th. Citigroup raised their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday, April 15th. Morgan Stanley dropped their price target 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. Stephens decreased their price objective on shares of Bunge Global from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Bank of America lowered their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Bunge Global presently has a consensus rating of “Hold” and a consensus price target of $81.60.

Bunge Global Trading Up 1.5%

BG opened at $77.40 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 debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The stock has a market capitalization of $10.40 billion, a PE ratio of 9.58, a P/E/G ratio of 2.66 and a beta of 0.68. The firm’s fifty day moving average price is $76.05 and its 200 day moving average price is $78.77.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.27 by $0.54. The business had revenue of $11.64 billion for the quarter, compared to analysts’ expectations of $13.18 billion. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.04 earnings per share. As a group, research analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal 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.