Meiji Yasuda Asset Management Co Ltd. Acquires 170 Shares of Bunge Global SA (NYSE:BG)

Meiji Yasuda Asset Management Co Ltd. increased its holdings in Bunge Global SA (NYSE:BG) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,512 shares of the basic materials company’s stock after purchasing an additional 170 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Bunge Global were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BG. Pacer Advisors Inc. grew its position 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 buying an additional 2,934,656 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new stake in Bunge Global in the third quarter valued at approximately $54,330,000. State Street Corp increased its position 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 purchasing an additional 500,897 shares in the last quarter. Amundi lifted its holdings in shares of 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 purchasing an additional 490,153 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Bunge Global by 173.5% during the 4th quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company’s stock valued at $23,537,000 after purchasing an additional 191,999 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

BG opened at $76.49 on Friday. The firm has a fifty day moving average price of $73.86 and a 200 day moving average price of $83.07. 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 SA has a 1 year low of $67.40 and a 1 year high of $114.92. The stock has a market cap of $10.25 billion, a P/E ratio of 9.47, a P/E/G ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG) last issued its quarterly earnings data 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 net margin of 2.14% and a return on equity of 11.73%. Equities research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BG shares. Morgan Stanley reduced their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Bank of America cut their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Barclays lowered their target price 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. Finally, Stephens decreased their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.