Oppenheimer & Co. Inc. Trims Stake in Bunge Global SA (NYSE:BG)

Oppenheimer & Co. Inc. trimmed its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,429 shares of the basic materials company's stock after selling 3,397 shares during the period. Oppenheimer & Co. Inc.'s holdings in Bunge Global were worth $4,543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BG. 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 bought a new stake in Bunge Global during the third quarter valued at about $34,000. Farther Finance Advisors LLC increased its position in Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock worth $42,000 after buying an additional 124 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Bunge Global in the fourth quarter worth about $39,000. Finally, R Squared Ltd purchased a new position in shares of Bunge Global during the 4th quarter valued at about $45,000. Institutional investors own 86.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Bank of America decreased 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. Stephens lowered their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays cut their price target on 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. Finally, Morgan Stanley lowered their price objective on Bunge Global from $90.00 to $74.00 and set an "equal weight" 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 given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

Bunge Global Price Performance

Shares of BG stock traded up $0.43 on Tuesday, reaching $72.26. The company's stock had a trading volume of 1,115,277 shares, compared to its average volume of 1,489,888. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The stock's fifty day simple moving average is $75.57 and its 200-day simple moving average is $86.15. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. 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 announced its 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%. Analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

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.