Capital Group Investment Management PTE. LTD. Has $952,000 Holdings in Bunge Global SA (NYSE:BG)

Capital Group Investment Management PTE. LTD. lessened its position in Bunge Global SA (NYSE:BG - Free Report) by 52.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,239 shares of the basic materials company's stock after selling 13,527 shares during the period. Capital Group Investment Management PTE. LTD.'s holdings in Bunge Global were worth $952,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Bunge Global by 3.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock worth $351,000 after acquiring an additional 170 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of Bunge Global by 25.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock worth $68,000 after buying an additional 178 shares during the period. Allworth Financial LP boosted its holdings in shares of Bunge Global by 32.3% in the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after buying an additional 194 shares during the period. Abbot Financial Management Inc. increased its position in shares of Bunge Global by 0.9% in the fourth quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock worth $1,786,000 after acquiring an additional 205 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Bunge Global by 15.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock valued at $129,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Analysts Set New Price Targets

BG has been the topic of several research analyst reports. Stephens lowered their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Citigroup upped their price target on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Morgan Stanley reduced their price objective on 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 lowered their target price 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. Finally, Barclays dropped their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.60.

Bunge Global Stock Down 0.8 %

NYSE BG traded down $0.65 on Wednesday, reaching $79.44. The stock had a trading volume of 450,486 shares, compared to its average volume of 1,580,468. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The business has a 50 day moving average price of $74.31 and a 200 day moving average price of $80.24. 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 company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 9.83, 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 data on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. On average, 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.