Securian Asset Management Inc. Has $583,000 Stock Position in Bunge Global SA (NYSE:BG)

Securian Asset Management Inc. reduced its position in shares of Bunge Global SA (NYSE:BG) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,503 shares of the basic materials company’s stock after selling 211 shares during the period. Securian Asset Management Inc.’s holdings in Bunge Global were worth $583,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in 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 valued at $681,467,000 after purchasing 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 Bunge Global stock opened at $74.01 on Monday. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 2.66 and a beta of 0.67. The company’s fifty day moving average is $74.84 and its 200 day moving average is $84.63.

Bunge Global (NYSE:BG) last issued its quarterly earnings data 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%. Sell-side analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BG shares. Barclays lowered their price target on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Morgan Stanley lowered their price target on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Stephens lowered their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, Bank of America reduced their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note 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. According to data from MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global 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.