Ninety One UK Ltd Decreases Stock Position in Bunge Global SA (NYSE:BG)

Ninety One UK Ltd lessened its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 190,515 shares of the basic materials company's stock after selling 40,360 shares during the quarter. Ninety One UK Ltd owned about 0.14% of Bunge Global worth $14,814,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Spire Wealth Management purchased a new stake in Bunge Global during the 4th quarter worth about $26,000. Capital Insight Partners LLC boosted its stake in shares of Bunge Global by 9.2% during the 4th quarter. Capital Insight Partners LLC now owns 9,185 shares of the basic materials company's stock worth $714,000 after purchasing an additional 775 shares during the last quarter. Mediolanum International Funds Ltd grew its holdings in shares of Bunge Global by 6.9% during the fourth quarter. Mediolanum International Funds Ltd now owns 70,403 shares of the basic materials company's stock worth $5,400,000 after buying an additional 4,560 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of Bunge Global in the fourth quarter valued at approximately $39,000. Finally, Swedbank AB lifted its stake in shares of Bunge Global by 17.6% during the fourth quarter. Swedbank AB now owns 168,728 shares of the basic materials company's stock valued at $13,120,000 after buying an additional 25,194 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

BG has been the subject of several recent analyst reports. Barclays lowered their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday. Stephens lowered their price objective on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $107.00.

Bunge Global Trading Up 0.5 %

BG stock traded up $0.32 on Friday, hitting $69.61. 1,612,915 shares of the company were exchanged, compared to its average volume of 1,631,976. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.10. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 8.62 and a beta of 0.69. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The business's fifty day moving average is $79.34 and its two-hundred day moving average is $89.72.

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%. As a group, research analysts forecast that Bunge Global SA will post 7.75 earnings per share for the current year.

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.