American Century Companies Inc. Boosts Holdings in Bunge Global SA $BG

American Century Companies Inc. increased its position in Bunge Global SA (NYSE:BG) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,666 shares of the basic materials company’s stock after purchasing an additional 11,126 shares during the period. American Century Companies Inc.’s holdings in Bunge Global were worth $24,218,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Bunge Global by 34.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after buying an additional 859,733 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Bunge Global during the first quarter valued at approximately $40,963,000. AQR Capital Management LLC grew its holdings in shares of Bunge Global by 80.5% during the first quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock valued at $76,077,000 after buying an additional 443,893 shares during the last quarter. Yaupon Capital Management LP bought a new stake in shares of Bunge Global during the first quarter valued at approximately $19,920,000. Finally, Gotham Asset Management LLC raised its holdings in Bunge Global by 1,001.9% in the 1st quarter. Gotham Asset Management LLC now owns 208,234 shares of the basic materials company’s stock worth $15,913,000 after acquiring an additional 189,337 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on BG. JPMorgan Chase & Co. increased their target price on Bunge Global from $107.00 to $109.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Morgan Stanley set a $95.00 price objective on Bunge Global in a research report on Monday, October 27th. BMO Capital Markets lifted their price objective on Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Barclays raised Bunge Global from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $105.00 to $120.00 in a research report on Thursday, November 6th. Finally, Stephens raised their price target on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.88.

Bunge Global Stock Performance

Shares of NYSE BG opened at $96.37 on Tuesday. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $99.55. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 8.28 and a beta of 0.76. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $91.08 and a 200 day moving average of $83.95.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.04. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $22.46 billion. During the same period last year, the firm earned $2.29 earnings per share. The company’s quarterly revenue was up 71.6% on a year-over-year basis. On average, research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Insiders Place Their Bets

In other Bunge Global news, VP Christos Dimopoulos sold 25,300 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the completion of the sale, the vice president owned 104,537 shares of the company’s stock, valued at approximately $9,865,156.69. The trade was a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

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.