LPL Financial LLC Sells 54,474 Shares of Bunge Global SA (NYSE:BG)

LPL Financial LLC trimmed its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 53.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,882 shares of the basic materials company's stock after selling 54,474 shares during the quarter. LPL Financial LLC's holdings in Bunge Global were worth $3,646,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays cut 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. Stephens decreased their price objective on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Citigroup lifted their target price on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday. Morgan Stanley dropped their price target 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. Finally, Bank of America lowered their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. 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, Bunge Global currently has a consensus rating of "Moderate Buy" and an average price target of $85.60.

Bunge Global Price Performance

BG stock traded up $0.79 during trading on Wednesday, reaching $76.99. The company's stock had a trading volume of 69,765 shares, compared to its average volume of 1,588,275. The company has a market capitalization of $10.31 billion, a P/E ratio of 9.53, a price-to-earnings-growth 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. The company's fifty day moving average is $73.40 and its 200-day moving average is $80.89. 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 results 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 return on equity of 11.73% and a net margin of 2.14%. On average, research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

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.