Bunge Global SA (NYSE:BG) Shares Sold by Capital International Ltd. CA

Capital International Ltd. CA lowered its holdings in Bunge Global SA (NYSE:BG) by 51.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,758 shares of the basic materials company’s stock after selling 61,437 shares during the quarter. Capital International Ltd. CA’s holdings in Bunge Global were worth $4,569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in shares of Bunge Global in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bunge Global during the 3rd quarter valued at about $34,000. Crews Bank & Trust purchased a new position in shares of Bunge Global in the 4th quarter valued at about $39,000. R Squared Ltd purchased a new position in Bunge Global during the fourth quarter worth approximately $45,000. Finally, Financial Perspectives Inc grew its holdings in Bunge Global by 585.0% in the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 585 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Up 3.3 %

BG stock opened at $78.91 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average of $73.91 and a two-hundred day moving average of $80.61. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 2.66 and a beta of 0.59.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS 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 7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BG has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday. Stephens decreased their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays cut 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. Bank of America decreased their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley dropped their price target on 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. 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 stock. According to data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and a consensus price target of $85.60.

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.