Bunge Global SA (NYSE:BG) Stock Holdings Lessened by Capital International Inc. CA

Capital International Inc. CA lowered its stake in Bunge Global SA (NYSE:BG - Free Report) by 60.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,847 shares of the basic materials company's stock after selling 69,254 shares during the quarter. Capital International Inc. CA's holdings in Bunge Global were worth $3,487,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its position in shares of Bunge Global by 13,459.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after buying an additional 2,934,656 shares during the period. Norges Bank acquired a new position in shares of Bunge Global in the 4th quarter valued at about $148,857,000. Invesco Ltd. grew its holdings in shares of Bunge Global by 28.6% during the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after purchasing an additional 713,561 shares during the period. FMR LLC increased its position in Bunge Global by 25.3% during the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock worth $269,488,000 after purchasing an additional 699,889 shares in the last quarter. Finally, Amundi raised its holdings in Bunge Global by 24.9% in the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock valued at $190,476,000 after buying an additional 490,153 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Stock Up 0.2 %

BG traded up $0.19 during trading on Friday, hitting $80.99. The company had a trading volume of 1,103,255 shares, compared to its average volume of 1,570,423. The company has a market cap of $10.85 billion, a PE ratio of 10.02, a P/E/G 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 SA has a 1-year low of $67.40 and a 1-year high of $114.92. The business has a 50-day moving average of $74.70 and a 200-day moving average of $80.12.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS 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, analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BG shares. Morgan Stanley cut their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Citigroup boosted their price objective on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Stephens dropped their target price on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Barclays lowered 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, Bank of America decreased their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Bunge Global has a consensus rating of "Moderate Buy" and a consensus target price of $85.60.

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.