HighTower Advisors LLC Has $2.28 Million Stock Holdings in Bunge Global SA (NYSE:BG)

HighTower Advisors LLC lessened its holdings in Bunge Global SA (NYSE:BG) by 26.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,315 shares of the basic materials company’s stock after selling 10,301 shares during the quarter. HighTower Advisors LLC’s holdings in Bunge Global were worth $2,280,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Caprock Group LLC boosted its holdings in shares of Bunge Global by 2.2% in the 3rd quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock valued at $722,000 after purchasing an additional 164 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in Bunge Global by 25.4% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 178 shares in the last quarter. Patton Albertson Miller Group LLC increased its holdings in Bunge Global by 0.3% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 56,444 shares of the basic materials company’s stock worth $5,455,000 after purchasing an additional 188 shares in the last quarter. Allworth Financial LP raised its position in Bunge Global by 32.3% in the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 194 shares during the last quarter. Finally, Abbot Financial Management Inc. boosted its stake in shares of Bunge Global by 0.9% during the fourth quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company’s stock valued at $1,786,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BG shares. Stephens lowered their price objective on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley lowered their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Bank of America lowered their price objective on 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 lowered their price objective on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. 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 stock has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Stock Performance

NYSE:BG opened at $73.29 on Friday. The company has a market capitalization of $9.82 billion, a PE ratio of 9.07, a P/E/G ratio of 2.66 and a beta of 0.67. The company has a 50 day simple moving average of $74.44 and a two-hundred day simple moving average of $83.82. 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.

Bunge Global (NYSE:BG) last released 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 net margin of 2.14% and a return on equity of 11.73%. Research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

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.