O Shaughnessy Asset Management LLC Sells 27,144 Shares of Bunge Global SA (NYSE:BG)

O Shaughnessy Asset Management LLC lowered its holdings in Bunge Global SA (NYSE:BG - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,269 shares of the basic materials company's stock after selling 27,144 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.10% of Bunge Global worth $11,141,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Spire Wealth Management bought a new stake in Bunge Global during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global in the 3rd quarter worth approximately $34,000. Crews Bank & Trust bought a new stake in Bunge Global in the 4th quarter worth approximately $39,000. R Squared Ltd bought a new position in Bunge Global during the fourth quarter valued at approximately $45,000. Finally, Financial Perspectives Inc grew its position in Bunge Global by 585.0% during the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 585 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Trading Down 6.3 %

Shares of NYSE:BG traded down $4.90 during midday trading on Friday, hitting $73.30. 2,439,327 shares of the stock traded hands, compared to its average volume of 1,573,326. 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 business's 50 day moving average is $73.69 and its two-hundred day moving average is $82.28. The stock has a market capitalization of $9.82 billion, a PE ratio of 9.07, a P/E/G ratio of 2.66 and a beta of 0.67. Bunge Global SA has a one year low of $67.40 and a one 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 return on equity of 11.73% and a net margin of 2.14%. As a group, research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays cut 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 research note on Thursday, February 6th. Bank of America cut their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Stephens lowered their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Morgan Stanley dropped their target price on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Three investment 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's stock. According to MarketBeat.com, Bunge Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.00.

Bunge Global Company 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.