Bunge Global SA (NYSE:BG) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 175,335 shares of the basic materials company's stock after selling 4,230 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of Bunge Global worth $13,634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Bunge Global by 7.6% in the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company's stock valued at $681,467,000 after acquiring an additional 500,897 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Bunge Global by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company's stock valued at $329,697,000 after buying an additional 45,159 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Bunge Global by 13,459.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after buying an additional 2,934,656 shares in the last quarter. Amundi grew its stake in Bunge Global by 24.9% during the 4th quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock valued at $190,476,000 after acquiring an additional 490,153 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Bunge Global by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,502,083 shares of the basic materials company's stock valued at $116,802,000 after acquiring an additional 57,462 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

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Bunge Global Trading Up 0.9 %

Shares of NYSE BG traded up $0.66 during mid-day trading on Tuesday, reaching $77.08. 678,304 shares of the company's stock were exchanged, compared to its average volume of 1,717,206. The company's 50-day moving average is $73.80 and its 200-day moving average is $82.75. 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 market capitalization of $10.33 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 2.66 and a beta of 0.67. 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 released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (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%. Analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analyst Ratings Changes

BG has been the topic of several recent research reports. Morgan Stanley lowered their target price on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Stephens cut their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays dropped their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, Bank of America reduced their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.