Bunge Global SA (NYSE:BG) Stock Holdings Reduced by Aldebaran Capital LLC

Aldebaran Capital LLC trimmed its stake in Bunge Global SA (NYSE:BG - Free Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 98,084 shares of the basic materials company's stock after selling 3,334 shares during the quarter. Bunge Global makes up about 7.2% of Aldebaran Capital LLC's investment portfolio, making the stock its 4th largest holding. Aldebaran Capital LLC owned about 0.07% of Bunge Global worth $7,627,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. increased its stake in shares of Bunge Global by 9.5% during the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock valued at $18,815,000 after acquiring an additional 20,942 shares during the period. Franklin Resources Inc. increased its position in shares of Bunge Global by 16.9% during the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock valued at $26,371,000 after purchasing an additional 39,646 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Bunge Global by 7.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock worth $302,000 after buying an additional 278 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Bunge Global by 39.6% in the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock valued at $1,665,000 after buying an additional 6,077 shares during the period. Finally, iA Global Asset Management Inc. acquired a new position in Bunge Global during the third quarter worth about $888,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BG. Stephens cut their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley dropped their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Barclays cut their price objective on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Bank of America cut their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report 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's stock. According to MarketBeat.com, Bunge Global has a consensus rating of "Moderate Buy" and an average target price of $93.00.

Bunge Global Stock Up 0.5 %

NYSE:BG traded up $0.32 during trading hours on Wednesday, hitting $69.83. 365,845 shares of the stock traded hands, compared to its average volume of 1,578,520. The firm has a 50 day moving average price of $73.22 and a 200 day moving average price of $81.67. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 2.66 and a beta of 0.59. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week 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.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Equities research analysts anticipate that Bunge Global SA will post 7.94 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.