Bunge Global SA (NYSE:BG) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its stake in Bunge Global SA (NYSE:BG - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 972,677 shares of the basic materials company's stock after selling 502,818 shares during the period. Legal & General Group Plc owned approximately 0.70% of Bunge Global worth $75,635,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BG. Invesco Ltd. grew its holdings in Bunge Global by 28.6% during the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock valued at $249,349,000 after buying an additional 713,561 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Bunge Global by 15.8% during the fourth quarter. Cerity Partners LLC now owns 22,835 shares of the basic materials company's stock valued at $1,823,000 after acquiring an additional 3,113 shares in the last quarter. FMR LLC lifted its stake in Bunge Global by 25.3% in the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock worth $269,488,000 after acquiring an additional 699,889 shares during the period. Russell Investments Group Ltd. lifted its holdings in Bunge Global by 12.5% during the fourth quarter. Russell Investments Group Ltd. now owns 86,931 shares of the basic materials company's stock worth $6,754,000 after buying an additional 9,648 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Bunge Global by 9.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 153,620 shares of the basic materials company's stock worth $11,945,000 after purchasing an additional 13,488 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Trading Up 2.6 %

BG traded up $2.02 during midday trading on Thursday, hitting $78.40. The company's stock had a trading volume of 267,075 shares, compared to its average volume of 1,587,100. 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. The firm has a 50-day moving average price of $73.53 and a two-hundred day moving average price of $80.86. The firm has a market cap of $10.50 billion, a P/E ratio of 9.69, a PEG ratio of 2.66 and a beta of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last issued 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, research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analyst Weigh In

BG has been the topic of several research reports. Citigroup upped their target price on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday. Morgan Stanley lowered their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Barclays reduced their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Stephens dropped their price objective on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, 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 report on Tuesday, February 11th. Three 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's stock. Based on data from MarketBeat, Bunge Global presently has a consensus rating of "Moderate Buy" and an average 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.