Intech Investment Management LLC Has $14.34 Million Holdings in Bunge Global SA (NYSE:BG)

Intech Investment Management LLC lifted its stake in shares of Bunge Global SA (NYSE:BG) by 267.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 184,460 shares of the basic materials company’s stock after buying an additional 134,249 shares during the period. Intech Investment Management LLC owned about 0.13% of Bunge Global worth $14,344,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after buying an additional 500,897 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Bunge Global by 1.3% during 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 in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Bunge Global by 13,459.9% during the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after buying an additional 2,934,656 shares in the last quarter. Amundi increased its holdings in shares of 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 buying an additional 490,153 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Bunge Global by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,502,083 shares of the basic materials company’s stock worth $116,802,000 after buying an additional 57,462 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of BG opened at $74.57 on Tuesday. 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 has a market capitalization of $9.99 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The firm’s fifty day simple moving average is $74.77 and its two-hundred day simple moving average is $84.44. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92.

Bunge Global (NYSE:BG) last issued its quarterly 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%. As a group, analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on BG shares. Stephens decreased their price objective on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Barclays decreased their price objective on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Bank of America decreased their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Morgan Stanley decreased their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

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.