Bunge Global SA (NYSE:BG) Position Decreased by AMF Tjanstepension AB

AMF Tjanstepension AB lowered its stake in Bunge Global SA (NYSE:BG - Free Report) by 46.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,490 shares of the basic materials company's stock after selling 48,894 shares during the quarter. AMF Tjanstepension AB's holdings in Bunge Global were worth $4,470,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Spire Wealth Management acquired a new position in Bunge Global in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global in the third quarter worth about $34,000. Crews Bank & Trust purchased a new position in Bunge Global in the fourth quarter valued at about $39,000. Farther Finance Advisors LLC grew its stake in Bunge Global by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 124 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Bunge Global in the 4th quarter valued at approximately $45,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BG. Bank of America decreased their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Barclays decreased their price objective 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. Stephens cut their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Morgan Stanley reduced their price target on shares of 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. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $93.00.

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Bunge Global Stock Performance

Shares of NYSE BG traded down $1.20 during midday trading on Wednesday, hitting $73.21. The company's stock had a trading volume of 1,297,013 shares, compared to its average volume of 1,491,942. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The firm's fifty day moving average price is $75.08 and its 200-day moving average price is $85.20. The firm has a market cap of $9.81 billion, a P/E ratio of 9.06, a P/E/G ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last posted its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. On average, sell-side analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

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.