Capital International Ltd. CA Has $4.57 Million Position in Bunge Global SA (NYSE:BG)

Capital International Ltd. CA decreased its position in Bunge Global SA (NYSE:BG - Free Report) by 51.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,758 shares of the basic materials company's stock after selling 61,437 shares during the period. Capital International Ltd. CA's holdings in Bunge Global were worth $4,569,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BG. American Century Companies Inc. grew its position in Bunge Global by 9.5% in the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock valued at $18,815,000 after buying an additional 20,942 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Bunge Global by 7.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock valued at $302,000 after acquiring an additional 278 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Bunge Global by 16.9% during the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock valued at $26,371,000 after acquiring an additional 39,646 shares during the period. Vontobel Holding Ltd. raised its holdings in Bunge Global by 39.6% during the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock worth $1,665,000 after purchasing an additional 6,077 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Bunge Global by 12.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company's stock worth $2,935,000 after purchasing an additional 4,296 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Ratings Changes

BG has been the topic of several research analyst reports. Stephens lowered their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Morgan Stanley lowered their target price 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. Bank of America dropped their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Barclays reduced their price objective on shares of 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, Citigroup boosted their target price on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.60.

Bunge Global Trading Up 1.0 %

NYSE BG traded up $0.76 on Thursday, hitting $80.58. 307,517 shares of the company were exchanged, compared to its average volume of 1,716,184. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The company's 50 day moving average price is $74.49 and its 200-day moving average price is $80.24. The firm has a market capitalization of $10.80 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27.

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 (EPS) 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%. Analysts predict that Bunge Global SA will post 7.94 earnings per share 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.