Bunge Global SA (NYSE:BG) Short Interest Update

Bunge Global SA (NYSE:BG) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 3,910,000 shares, a decline of 24.7% from the February 13th total of 5,190,000 shares. Based on an average daily volume of 1,670,000 shares, the short-interest ratio is presently 2.3 days. Approximately 3.0% of the company’s shares are sold short.

Institutional Trading of Bunge Global

A number of hedge funds have recently made changes to their positions in BG. Spire Wealth Management bought a new position in Bunge Global in the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Bunge Global in the 3rd quarter valued at approximately $34,000. Crews Bank & Trust bought a new position in Bunge Global in the 4th quarter valued at approximately $39,000. R Squared Ltd bought a new position in Bunge Global in the 4th quarter valued at approximately $45,000. Finally, Menard Financial Group LLC bought a new position in Bunge Global in the 4th quarter valued at approximately $47,000. 86.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America reduced their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Morgan Stanley cut their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Stephens cut their price objective on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Barclays cut their price objective on 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 investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Stock Performance

Shares of BG opened at $74.01 on Monday. 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 business’s 50 day moving average price is $74.84 and its 200-day moving average price is $84.63. Bunge Global has a 52 week low of $67.40 and a 52 week high of $114.92. The stock has a market cap of $9.92 billion, a P/E ratio of 9.16, a P/E/G ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS 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 research analysts anticipate that Bunge Global will post 7.94 earnings per share for the current fiscal 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.