Van ECK Associates Corp Trims Position in Bunge Global SA (NYSE:BG)

Van ECK Associates Corp lessened its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 530,283 shares of the basic materials company's stock after selling 17,367 shares during the period. Van ECK Associates Corp owned approximately 0.38% of Bunge Global worth $41,235,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Spire Wealth Management acquired a new position in shares of Bunge Global in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Bunge Global during the 3rd quarter valued at about $34,000. Farther Finance Advisors LLC grew its stake in shares of Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock worth $42,000 after purchasing an additional 124 shares in the last quarter. Crews Bank & Trust acquired a new position in Bunge Global during the fourth quarter worth about $39,000. Finally, R Squared Ltd purchased a new stake in shares of Bunge Global in the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BG shares. Barclays decreased their price target on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Stephens lowered their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Bank of America dropped 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. Finally, Morgan Stanley lowered their target price 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. Four 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

Bunge Global Stock Up 1.1 %

Bunge Global stock traded up $0.75 during mid-day trading on Monday, reaching $70.54. The stock had a trading volume of 1,276,675 shares, compared to its average volume of 1,631,976. The firm has a market capitalization of $9.85 billion, a PE ratio of 8.73 and a beta of 0.69. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The stock's 50-day simple moving average is $77.33 and its 200-day simple moving average is $87.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.15.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. On average, sell-side analysts forecast that Bunge Global SA will post 7.75 EPS for the current fiscal 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.