Bunge Global SA (NYSE:BG) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 612,124 shares of the basic materials company's stock after selling 73,142 shares during the quarter. Bank of Montreal Can owned 0.44% of Bunge Global worth $47,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its position in shares of Bunge Global by 13,459.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock valued at $229,894,000 after purchasing an additional 2,934,656 shares during the last quarter. Norges Bank acquired a new stake in Bunge Global during the 4th quarter valued at $148,857,000. FMR LLC increased its position in Bunge Global by 25.3% during the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock worth $269,488,000 after buying an additional 699,889 shares in the last quarter. Amundi raised its holdings in shares of Bunge Global by 24.9% in the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock worth $190,476,000 after acquiring an additional 490,153 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Bunge Global by 173.5% in the fourth quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company's stock valued at $23,537,000 after acquiring an additional 191,999 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Trading Down 1.7 %

Shares of BG traded down $1.32 during mid-day trading on Tuesday, reaching $75.75. The company had a trading volume of 274,948 shares, compared to its average volume of 1,587,857. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. 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 firm has a fifty day simple moving average of $73.26 and a 200-day simple moving average of $80.92. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last issued its 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%. On average, sell-side analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup lifted their price target on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday. Morgan Stanley lowered their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Bank of America reduced 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. Stephens dropped their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Barclays decreased their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.60.

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.