Rockefeller Capital Management L.P. Lowers Stock Position in Bunge Global SA (NYSE:BG)

Rockefeller Capital Management L.P. lessened its stake in Bunge Global SA (NYSE:BG - Free Report) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,993 shares of the basic materials company's stock after selling 57,924 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.11% of Bunge Global worth $12,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Bunge Global by 13,459.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after acquiring an additional 2,934,656 shares during the period. Norges Bank bought a new position in shares of Bunge Global during the 4th quarter worth about $148,857,000. Invesco Ltd. increased its position in Bunge Global by 28.6% in the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock valued at $249,349,000 after buying an additional 713,561 shares in the last quarter. FMR LLC raised its stake in Bunge Global by 25.3% during the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock worth $269,488,000 after buying an additional 699,889 shares during the period. Finally, Amundi increased its holdings in shares of Bunge Global by 24.9% during the fourth 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. Institutional investors own 86.23% of the company's stock.

Bunge Global Price Performance

BG traded up $2.53 on Friday, reaching $78.91. The company had a trading volume of 1,583,532 shares, compared to its average volume of 1,591,511. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 2.66 and a beta of 0.59. The business has a 50 day simple moving average of $73.91 and a 200 day simple moving average of $80.61.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts' consensus estimates 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, sell-side analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BG. Citigroup lifted their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday. Bank of America reduced their target price 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. Barclays lowered their price target on shares of 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 lowered their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, Morgan Stanley reduced their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.60.

About Bunge Global

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.