Truist Financial Corp Has $305,000 Holdings in Bunge Global SA (NYSE:BG)

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

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of Bunge Global by 16.9% during the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after acquiring an additional 39,646 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after purchasing an additional 278 shares during the last quarter. Vontobel Holding Ltd. lifted 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 buying an additional 6,077 shares during the period. iA Global Asset Management Inc. bought a new stake in shares of Bunge Global in the 3rd quarter valued at about $888,000. Finally, State Street Corp raised its position in shares of Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after acquiring an additional 500,897 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Up 0.0 %

Bunge Global stock opened at $71.72 on Thursday. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $9.61 billion, a PE ratio of 8.88, a PEG ratio of 2.66 and a beta of 0.69. The firm’s fifty day moving average is $75.42 and its 200 day moving average is $85.97. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analyst Ratings Changes

BG has been the topic of several analyst reports. Stephens reduced their target price on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley decreased 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 report on Tuesday, February 11th. Bank of America lowered 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 note on Tuesday, February 11th. Finally, Barclays cut 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. 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. Based on data from MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and a consensus target price 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.