HighTower Advisors LLC Sells 10,301 Shares of Bunge Global SA (NYSE:BG)

HighTower Advisors LLC reduced its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,315 shares of the basic materials company's stock after selling 10,301 shares during the quarter. HighTower Advisors LLC's holdings in Bunge Global were worth $2,280,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Spire Wealth Management acquired a new stake in shares of Bunge Global during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global during the 3rd quarter worth about $34,000. Crews Bank & Trust purchased a new stake in Bunge Global during the fourth quarter valued at about $39,000. R Squared Ltd purchased a new stake in Bunge Global during the fourth quarter valued at about $45,000. Finally, Financial Perspectives Inc boosted its holdings in shares of 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 buying an additional 585 shares during the period. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Stock Up 1.1 %

BG traded up $0.80 during trading on Wednesday, reaching $74.25. 1,196,350 shares of the stock traded hands, compared to its average volume of 1,493,821. The stock's 50-day simple moving average is $74.10 and its two-hundred day simple moving average is $83.34. 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 fifty-two week low of $67.40 and a fifty-two week high of $114.92. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67.

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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 (EPS) 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 research analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

Analysts Set New Price Targets

BG has been the subject of several research analyst reports. Morgan Stanley reduced their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Stephens lowered their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America reduced their price objective 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. Finally, Barclays lowered their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $93.00.

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.