Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Position in Bunge Global SA (NYSE:BG)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,954 shares of the basic materials company's stock after selling 6,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Bunge Global were worth $2,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Howard Capital Management Inc. increased its position in shares of Bunge Global by 1,418.6% during the 4th quarter. Howard Capital Management Inc. now owns 32,180 shares of the basic materials company's stock worth $2,502,000 after purchasing an additional 30,061 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Bunge Global by 25.4% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after acquiring an additional 178 shares during the period. Waterfront Wealth Inc. boosted its holdings in Bunge Global by 33.6% during the 4th quarter. Waterfront Wealth Inc. now owns 17,149 shares of the basic materials company's stock valued at $1,334,000 after acquiring an additional 4,309 shares during the period. Financial Perspectives Inc boosted its holdings in Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 585 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Bunge Global by 1.5% during the 4th quarter. CIBC Asset Management Inc now owns 24,641 shares of the basic materials company's stock valued at $1,916,000 after acquiring an additional 354 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stephens lowered their target price on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Barclays lowered their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Bank of America decreased their price objective 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. Finally, Morgan Stanley decreased 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. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $93.00.

Bunge Global Stock Up 1.5 %

BG stock traded up $1.09 during trading on Friday, hitting $74.34. 2,340,551 shares of the company's stock were exchanged, compared to its average volume of 1,632,245. The business has a 50-day moving average price of $75.71 and a two-hundred day moving average price of $86.39. The stock has a market capitalization of $9.96 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 2.66 and a beta of 0.69. Bunge Global SA has a 52-week low of $67.40 and a 52-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 posted its 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 return on equity of 11.73% and a net margin of 2.14%. As a group, equities research 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.