Bunge Global SA (NYSE:BG) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its position in Bunge Global SA (NYSE:BG - Free Report) by 78.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,750 shares of the basic materials company's stock after selling 180,565 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Bunge Global were worth $3,946,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management acquired a new stake in shares of Bunge Global in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Bunge Global in the third quarter valued at about $34,000. Crews Bank & Trust acquired a new stake in Bunge Global in the fourth quarter worth about $39,000. R Squared Ltd purchased a new stake in shares of Bunge Global during the fourth quarter worth about $45,000. Finally, Financial Perspectives Inc grew its stake in shares of Bunge Global by 585.0% during the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $53,000 after acquiring an additional 585 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. 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. Stephens lowered their price objective on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley dropped their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Finally, Bank of America reduced their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $93.00.

Bunge Global Stock Performance

NYSE BG traded down $4.90 on Friday, hitting $73.30. 2,439,327 shares of the company's stock traded hands, compared to its average volume of 1,573,326. The firm has a market capitalization of $9.82 billion, a PE ratio of 9.07, a P/E/G ratio of 2.66 and a beta of 0.59. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The firm's 50-day moving average price is $73.69 and its two-hundred day moving average price is $82.17. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results 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 net margin of 2.14% and a return on equity of 11.73%. As a group, analysts expect that Bunge Global SA will post 7.94 EPS for the current 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.