Grantham Mayo Van Otterloo & Co. LLC Cuts Stake in Bunge Global SA (NYSE:BG)

Grantham Mayo Van Otterloo & Co. LLC decreased its position in Bunge Global SA (NYSE:BG - Free Report) by 54.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,963 shares of the basic materials company's stock after selling 51,451 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Bunge Global were worth $3,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Spire Wealth Management purchased a new stake in shares of Bunge Global in the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in Bunge Global during the 3rd quarter valued at about $34,000. Crews Bank & Trust bought a new position in Bunge Global during the 4th quarter valued at about $39,000. R Squared Ltd purchased a new stake in Bunge Global in the 4th quarter worth about $45,000. Finally, Financial Perspectives Inc lifted its stake in Bunge Global by 585.0% in the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $53,000 after purchasing an additional 585 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BG has been the topic of a number of analyst reports. Stephens cut their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Bank of America cut their price objective 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. 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. Finally, Barclays lowered their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Three investment 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. Based on data from MarketBeat.com, Bunge Global presently has a consensus rating of "Moderate Buy" and an average target price of $93.00.

Bunge Global Trading Up 4.3 %

BG traded up $3.13 during trading on Friday, hitting $76.36. 1,965,579 shares of the stock were exchanged, compared to its average volume of 1,593,433. 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 has a 50 day simple moving average of $73.11 and a 200 day simple moving average of $81.07. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 2.66 and a beta of 0.59. 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 released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. As a group, equities analysts expect 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.