Truist Financial Corp Sells 8,958 Shares of Bunge Global SA (NYSE:BG)

Truist Financial Corp trimmed its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 69.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,917 shares of the basic materials company's stock after selling 8,958 shares during the quarter. Truist Financial Corp's holdings in Bunge Global were worth $305,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BG. Spire Wealth Management bought a new position in shares of Bunge Global in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global in the third quarter worth $34,000. Crews Bank & Trust bought a new position in shares of Bunge Global in the fourth quarter worth $39,000. Farther Finance Advisors LLC increased its position in shares of Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock worth $42,000 after purchasing an additional 124 shares during the period. Finally, R Squared Ltd bought a new position in shares of Bunge Global in the fourth quarter worth $45,000. 86.23% of the stock is owned by institutional investors.

Bunge Global Price Performance

Shares of NYSE BG traded up $1.03 during midday trading on Friday, reaching $75.68. 2,068,989 shares of the company were exchanged, compared to its average volume of 1,490,907. The stock's 50-day moving average price is $75.16 and its 200-day moving average price is $85.59. The stock has a market cap of $10.14 billion, a P/E ratio of 9.37, a PEG ratio of 2.66 and a beta of 0.67. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

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Bunge Global (NYSE:BG - Get Free Report) last posted 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%. On average, sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BG. Barclays decreased their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Stephens decreased their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Bank of America decreased their price target on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Morgan Stanley decreased 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. Three 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.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.