Sumitomo Mitsui Trust Group Inc. Sells 89,192 Shares of Bunge Global SA (NYSE:BG)

Sumitomo Mitsui Trust Group Inc. trimmed its position in Bunge Global SA (NYSE:BG - Free Report) by 19.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 360,834 shares of the basic materials company's stock after selling 89,192 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Bunge Global worth $28,058,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Bunge Global by 7.6% during the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company's stock valued at $681,467,000 after buying an additional 500,897 shares in the last quarter. Geode Capital Management LLC raised its position in Bunge Global by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company's stock worth $329,697,000 after purchasing an additional 45,159 shares during the period. Pacer Advisors Inc. raised its position in Bunge Global by 13,459.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after purchasing an additional 2,934,656 shares during the period. Charles Schwab Investment Management Inc. raised its position in Bunge Global by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company's stock worth $139,608,000 after purchasing an additional 50,615 shares during the period. Finally, abrdn plc raised its position in Bunge Global by 2.0% in the 3rd quarter. abrdn plc now owns 608,837 shares of the basic materials company's stock worth $58,990,000 after purchasing an additional 11,808 shares during the period. 86.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Bank of America decreased their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday. Morgan Stanley cut 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. Barclays decreased their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, Stephens decreased their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Bunge Global presently has an average rating of "Moderate Buy" and an average target price of $93.00.

Bunge Global Price Performance

Shares of BG traded up $0.75 during mid-day trading on Friday, reaching $70.54. The stock had a trading volume of 1,276,675 shares, compared to its average volume of 1,631,976. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 8.73 and a beta of 0.69. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The business has a fifty day moving average of $77.63 and a 200 day moving average of $88.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.15.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. Equities analysts predict that Bunge Global SA will post 7.75 EPS for the current 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.