Barclays PLC Sells 62,816 Shares of Bunge Global SA (NYSE:BG)

Barclays PLC decreased its holdings in Bunge Global SA (NYSE:BG - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 391,906 shares of the basic materials company's stock after selling 62,816 shares during the quarter. Barclays PLC owned 0.28% of Bunge Global worth $30,473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BG. Spire Wealth Management purchased a new position in shares of Bunge Global during the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Bunge Global during the 3rd quarter valued at about $34,000. Crews Bank & Trust bought a new stake in shares of Bunge Global in the fourth quarter worth approximately $39,000. R Squared Ltd purchased a new stake in shares of Bunge Global during the 4th quarter valued at about $45,000. Finally, Financial Perspectives Inc grew its stake 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 valued at $53,000 after acquiring an additional 585 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BG. Stephens cut their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Barclays lowered their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Morgan Stanley reduced 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 research report on Tuesday, February 11th. Citigroup upped their target price on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Finally, Bank of America lowered their price target on 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 issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.60.

Bunge Global Stock Performance

Shares of NYSE:BG traded up $0.68 during midday trading on Thursday, hitting $80.50. The stock had a trading volume of 171,803 shares, compared to its average volume of 1,576,144. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $74.49 and a two-hundred day moving average price of $80.24. The company has a market capitalization of $10.78 billion, a PE ratio of 9.94, a P/E/G ratio of 2.66 and a beta of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. As a group, equities analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal 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.