Capital International Sarl Reduces Position in Bunge Global SA (NYSE:BG)

Capital International Sarl cut its holdings in Bunge Global SA (NYSE:BG - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,142 shares of the basic materials company's stock after selling 79,154 shares during the quarter. Capital International Sarl owned about 0.06% of Bunge Global worth $6,154,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Spire Wealth Management purchased a new position in Bunge Global in the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global during the 3rd quarter worth $34,000. Crews Bank & Trust purchased a new stake in shares of Bunge Global in the fourth quarter valued at about $39,000. R Squared Ltd acquired a new stake in Bunge Global during the 4th quarter valued at $45,000. Finally, Financial Perspectives Inc grew 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 buying an additional 585 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BG. Barclays reduced their price objective 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. Morgan Stanley reduced 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 report on Tuesday, February 11th. Bank of America lowered their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Citigroup upped their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Finally, Stephens cut their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.60.

Bunge Global Trading Up 0.7 %

Shares of NYSE BG traded up $0.53 during trading on Thursday, hitting $80.35. 284,080 shares of the company traded hands, compared to its average volume of 1,715,978. The company has a 50-day moving average price of $74.49 and a 200-day moving average price of $80.24. The firm has a market capitalization of $10.76 billion, a P/E ratio of 9.94, a P/E/G ratio of 2.66 and a beta of 0.59. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results 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, equities analysts predict 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.