Wellington Management Group LLP Acquires 15,095 Shares of Bunge Global SA (NYSE:BG)

Wellington Management Group LLP boosted its holdings in Bunge Global SA (NYSE:BG) by 207.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,373 shares of the basic materials company’s stock after buying an additional 15,095 shares during the quarter. Wellington Management Group LLP’s holdings in Bunge Global were worth $2,422,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Loomis Sayles & Co. L P boosted its holdings in shares of Bunge Global by 169.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 146 shares during the last quarter. Country Trust Bank boosted its holdings in shares of Bunge Global by 533.3% during the 3rd quarter. Country Trust Bank now owns 304 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 256 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Bunge Global during the 1st quarter valued at about $36,000. First Manhattan CO. LLC. purchased a new stake in shares of Bunge Global during the 1st quarter valued at about $48,000. Finally, Ramirez Asset Management Inc. purchased a new position in shares of Bunge Global in the third quarter worth approximately $54,000. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BG. Roth Mkm dropped their price objective on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, February 5th. StockNews.com cut shares of Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. BMO Capital Markets reduced their price objective on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. HSBC upgraded shares of Bunge Global from a “hold” rating to a “buy” rating and reduced their price target for the stock from $122.00 to $105.00 in a research report on Friday, February 9th. Finally, Robert W. Baird reduced their price target on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average target price of $119.44.

Bunge Global Stock Up 2.7 %

Shares of BG opened at $102.59 on Thursday. The firm has a market capitalization of $14.71 billion, a P/E ratio of 6.89 and a beta of 0.64. Bunge Global SA has a 12-month low of $86.10 and a 12-month high of $116.59. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $92.57 and a 200-day moving average price of $100.62.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.89. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The company had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.96 billion. During the same period in the prior year, the firm earned $3.24 earnings per share. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. Equities research analysts expect that Bunge Global SA will post 9.46 earnings per share for the current year.

About Bunge Global

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.