Tower Research Capital LLC TRC Sells 15,084 Shares of Bunge Global SA (NYSE:BG)

Tower Research Capital LLC TRC trimmed its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 60.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,930 shares of the basic materials company's stock after selling 15,084 shares during the period. Tower Research Capital LLC TRC's holdings in Bunge Global were worth $772,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BG. American Century Companies Inc. lifted its holdings in Bunge Global by 9.5% during the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock valued at $18,815,000 after buying an additional 20,942 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Bunge Global by 7.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock valued at $302,000 after purchasing an additional 278 shares during the period. Franklin Resources Inc. grew its stake in Bunge Global by 16.9% in the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock worth $26,371,000 after purchasing an additional 39,646 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Bunge Global by 39.6% during the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock worth $1,665,000 after purchasing an additional 6,077 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Bunge Global by 12.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company's stock valued at $2,935,000 after purchasing an additional 4,296 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Up 0.2 %

NYSE:BG opened at $80.99 on Friday. The company's 50-day simple moving average is $74.92 and its 200-day simple moving average is $79.88. 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 fifty-two week low of $67.40 and a fifty-two week high of $114.92. The stock has a market capitalization of $10.85 billion, a P/E ratio of 10.02, a P/E/G ratio of 2.66 and a beta of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. On average, equities analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BG has been the topic of several research reports. Morgan Stanley cut their price target on 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. Bank of America cut their target price 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, February 11th. Stephens lowered their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. 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, April 15th. Finally, Barclays lowered their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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.

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