Rhumbline Advisers Decreases Stake in Bunge Global SA (NYSE:BG)

Rhumbline Advisers lessened its holdings in Bunge Global SA (NYSE:BG - Free Report) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 254,979 shares of the basic materials company's stock after selling 6,334 shares during the period. Rhumbline Advisers owned 0.18% of Bunge Global worth $19,827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB boosted its position in shares of Bunge Global by 59.3% during the third quarter. AMF Tjanstepension AB now owns 106,384 shares of the basic materials company's stock worth $10,281,000 after acquiring an additional 39,600 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Bunge Global by 121.5% during the 3rd quarter. Blue Trust Inc. now owns 658 shares of the basic materials company's stock valued at $70,000 after purchasing an additional 361 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of Bunge Global during the third quarter valued at about $1,302,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Bunge Global in the third quarter worth about $348,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Bunge Global by 10.5% in the third quarter. Assenagon Asset Management S.A. now owns 33,448 shares of the basic materials company's stock worth $3,232,000 after purchasing an additional 3,185 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on BG. Bank of America cut their price target on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Stephens reduced their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Barclays lowered 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 report on Thursday, February 6th. Finally, Morgan Stanley reduced 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 report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

Bunge Global Stock Up 2.6 %

Shares of BG traded up $1.86 during mid-day trading on Friday, hitting $73.12. 2,081,319 shares of the company traded hands, compared to its average volume of 1,637,953. The company has a market capitalization of $10.21 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 2.56 and a beta of 0.69. 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 has a 50 day moving average of $76.49 and a 200 day moving average of $87.40. 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 net margin of 2.14% and a return on equity of 11.73%. Equities research analysts anticipate 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.