Bunge Global SA (NYSE:BG) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,661 shares of the basic materials company's stock after selling 4,169 shares during the quarter. Commonwealth Equity Services LLC's holdings in Bunge Global were worth $2,929,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BG. Deseret Mutual Benefit Administrators boosted its stake in Bunge Global by 25.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after acquiring an additional 178 shares in the last quarter. Patton Albertson Miller Group LLC raised its stake in shares of Bunge Global by 0.3% during the third quarter. Patton Albertson Miller Group LLC now owns 56,444 shares of the basic materials company's stock worth $5,455,000 after purchasing an additional 188 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Bunge Global by 32.3% in the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after acquiring an additional 194 shares during the period. Abbot Financial Management Inc. lifted its position in Bunge Global by 0.9% in the fourth quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock valued at $1,786,000 after purchasing an additional 205 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in Bunge Global by 15.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock valued at $129,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

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Bunge Global Price Performance

Bunge Global stock traded down $0.29 during midday trading on Friday, reaching $76.22. 285,856 shares of the company were exchanged, compared to its average volume of 1,559,482. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 2.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The firm's 50-day simple moving average is $73.92 and its 200-day simple moving average is $83.23. 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 posted 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, analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BG shares. Bank of America cut their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Morgan Stanley lowered their price objective 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. Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, Barclays reduced 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 report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $93.00.

About Bunge Global

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.