Mitsubishi UFJ Asset Management Co. Ltd. Has $21.91 Million Holdings in Bunge Global SA (NYSE:BG)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Bunge Global SA (NYSE:BG) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 283,530 shares of the basic materials company’s stock after buying an additional 21,338 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of Bunge Global worth $21,911,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BG. Spire Wealth Management acquired a new stake in shares of Bunge Global during the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bunge Global in the 3rd quarter valued at $34,000. Crews Bank & Trust bought a new position in shares of Bunge Global in the 4th quarter valued at $39,000. R Squared Ltd acquired a new position in shares of Bunge Global during the 4th quarter worth $45,000. Finally, Financial Perspectives Inc lifted its position in shares of Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock worth $53,000 after buying an additional 585 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BG shares. Morgan Stanley lowered their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Stephens decreased their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America dropped their price objective 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. Finally, Barclays decreased their target price on shares of 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. Three equities 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Bunge Global Stock Down 0.0 %

NYSE:BG opened at $76.49 on Monday. Bunge Global SA has a one year low of $67.40 and a one year 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 company has a market cap of $10.25 billion, a PE ratio of 9.47, a P/E/G ratio of 2.66 and a beta of 0.67. The firm’s 50 day simple moving average is $73.86 and its 200 day simple moving average is $82.89.

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 return on equity of 11.73% and a net margin of 2.14%. On average, research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current 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.