Royal London Asset Management Ltd. Has $6.72 Million Position in Bunge Global SA (NYSE:BG)

Royal London Asset Management Ltd. grew its holdings in Bunge Global SA (NYSE:BG) by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,406 shares of the basic materials company’s stock after purchasing an additional 11,586 shares during the period. Royal London Asset Management Ltd. owned approximately 0.06% of Bunge Global worth $6,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BG. Spire Wealth Management purchased a new stake in Bunge Global in the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Bunge Global in the third quarter worth approximately $34,000. Crews Bank & Trust purchased a new stake in shares of Bunge Global in the fourth quarter worth approximately $39,000. R Squared Ltd acquired a new stake in shares of Bunge Global during the fourth quarter worth approximately $45,000. Finally, Financial Perspectives Inc grew its position in Bunge Global by 585.0% during the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 585 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

BG has been the subject of a number of research reports. Bank of America decreased their target price 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. Barclays reduced their price objective on 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. Morgan Stanley dropped 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. Finally, Stephens reduced their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Price Performance

NYSE BG opened at $73.29 on Monday. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The stock’s 50-day moving average is $74.44 and its two-hundred day moving average is $83.70. The firm has a market cap of $9.82 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. 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 earnings per share 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%. On average, analysts anticipate 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.