Bunge Global SA (NYSE:BG) Shares Sold by Capital World Investors

Capital World Investors trimmed its stake in Bunge Global SA (NYSE:BG - Free Report) by 52.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,021,949 shares of the basic materials company's stock after selling 9,843,831 shares during the period. Capital World Investors owned approximately 6.46% of Bunge Global worth $701,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Bunge Global by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock valued at $193,379,000 after purchasing an additional 183,701 shares during the period. First Trust Advisors LP grew its holdings in Bunge Global by 24.5% in the fourth quarter. First Trust Advisors LP now owns 502,870 shares of the basic materials company's stock worth $39,103,000 after purchasing an additional 98,819 shares during the period. Evergreen Capital Management LLC increased its position in Bunge Global by 1.3% during the 4th quarter. Evergreen Capital Management LLC now owns 33,126 shares of the basic materials company's stock valued at $2,576,000 after buying an additional 431 shares in the last quarter. Jump Financial LLC boosted its stake in Bunge Global by 866.5% in the 4th quarter. Jump Financial LLC now owns 46,053 shares of the basic materials company's stock worth $3,581,000 after purchasing an additional 41,288 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Bunge Global during the fourth quarter valued at approximately $1,754,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BG has been the subject of a number of research analyst reports. Bank of America reduced their price target 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. Citigroup increased their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Barclays lowered their target price on 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. Stephens lowered their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on 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. Three 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 company. According to MarketBeat.com, Bunge Global has an average rating of "Moderate Buy" and a consensus target price of $85.60.

Bunge Global Stock Up 1.2 %

NYSE BG traded up $0.97 on Thursday, hitting $80.79. The stock had a trading volume of 1,276,691 shares, compared to its average volume of 1,729,003. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. The business's fifty day moving average price is $74.49 and its 200 day moving average price is $80.24. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results 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 net margin of 2.14% and a return on equity of 11.73%. Equities research analysts anticipate that Bunge Global SA will post 7.94 earnings per share 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.