Swiss National Bank Lowers Holdings in Bunge Global SA (NYSE:BG)

Swiss National Bank reduced its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400,100 shares of the basic materials company's stock after selling 20,200 shares during the quarter. Swiss National Bank owned 0.29% of Bunge Global worth $31,112,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Spire Wealth Management bought a new stake in Bunge Global during the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global during the third quarter valued at about $34,000. Crews Bank & Trust purchased a new stake in shares of Bunge Global during the fourth quarter worth about $39,000. R Squared Ltd bought a new stake in shares of Bunge Global in the fourth quarter worth about $45,000. Finally, Financial Perspectives Inc increased its holdings in Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 585 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Bunge Global Stock Down 0.9 %

BG traded down $0.66 during trading on Friday, reaching $73.29. The stock had a trading volume of 10,328,827 shares, compared to its average volume of 1,498,460. 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 company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 2.66 and a beta of 0.67. The stock's 50 day moving average is $74.60 and its two-hundred day moving average is $84.12. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92.

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Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results 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%. As a group, analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BG. Stephens cut their price objective on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Bank of America cut their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Barclays decreased 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 report on Thursday, February 6th. Finally, 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, February 11th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $93.00.

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.