PNC Financial Services Group Inc. Sells 30,757 Shares of Bunge Global SA (NYSE:BG)

PNC Financial Services Group Inc. reduced its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 40.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,775 shares of the basic materials company's stock after selling 30,757 shares during the period. PNC Financial Services Group Inc.'s holdings in Bunge Global were worth $3,559,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Spire Wealth Management bought a new position 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 during the third quarter valued at about $34,000. Crews Bank & Trust bought a new position in shares of Bunge Global during the fourth quarter valued at about $39,000. Farther Finance Advisors LLC increased its holdings in shares of 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 during the period. Finally, R Squared Ltd bought a new stake in shares of Bunge Global in the 4th quarter valued at about $45,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on BG. Barclays reduced their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Stephens cut their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley decreased their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Finally, Bank of America dropped 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. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $93.00.

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Bunge Global Trading Up 0.9 %

Shares of BG stock traded up $0.69 during trading hours on Monday, reaching $74.57. The company's stock had a trading volume of 1,612,339 shares, compared to its average volume of 1,466,361. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $9.99 billion, a P/E ratio of 9.23, a P/E/G ratio of 2.66 and a beta of 0.67. The firm's fifty day simple moving average is $74.84 and its 200 day simple moving average is $84.63. 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 issued its quarterly earnings data 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%. Equities research analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

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.