Bunge Global SA (NYSE:BG) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in Bunge Global SA (NYSE:BG) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,248 shares of the basic materials company’s stock after selling 10,773 shares during the period. Asset Management One Co. Ltd. owned about 0.05% of Bunge Global worth $5,875,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of Bunge Global by 13,459.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after purchasing an additional 2,934,656 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in shares of Bunge Global during the 3rd quarter worth about $54,330,000. State Street Corp raised its position in shares of Bunge Global by 7.6% during the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after purchasing an additional 500,897 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Bunge Global by 173.5% during the 4th quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company’s stock worth $23,537,000 after purchasing an additional 191,999 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its position in shares of Bunge Global by 1,585.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company’s stock worth $17,782,000 after purchasing an additional 173,082 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Down 0.9 %

BG stock opened at $69.88 on Wednesday. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 8.65 and a beta of 0.69. The company has a current ratio of 2.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The firm has a 50-day moving average of $77.03 and a two-hundred day moving average of $87.63.

Bunge Global (NYSE:BG) last posted its quarterly earnings results 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, analysts forecast that Bunge Global SA will post 7.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Stephens reduced their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Barclays reduced their price target on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Morgan Stanley cut 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 report on Tuesday, February 11th. Finally, Bank of America cut their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

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.