Bunge Global SA (NYSE:BG) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its position in Bunge Global SA (NYSE:BG) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,515 shares of the basic materials company’s stock after selling 40,360 shares during the quarter. Ninety One UK Ltd’s holdings in Bunge Global were worth $14,814,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. State Street Corp grew 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 buying an additional 500,897 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Bunge Global by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company’s stock worth $329,697,000 after buying an additional 45,159 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Bunge Global by 13,459.9% during the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after buying an additional 2,934,656 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Bunge Global by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company’s stock worth $139,608,000 after buying an additional 50,615 shares in the last quarter. Finally, abrdn plc grew its position in shares of Bunge Global by 2.0% during the third quarter. abrdn plc now owns 608,837 shares of the basic materials company’s stock worth $58,990,000 after buying an additional 11,808 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of NYSE BG opened at $69.82 on Thursday. Bunge Global SA has a fifty-two week low of $69.73 and a fifty-two week high of $114.92. The firm’s 50-day simple moving average is $80.13 and its 200 day simple moving average is $90.31. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The stock has a market cap of $9.75 billion, a P/E ratio of 8.84 and a beta of 0.69.

Bunge Global (NYSE:BG) last issued its quarterly earnings data 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 2.11% and a return on equity of 13.71%. Equities analysts expect that Bunge Global SA will post 9.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stephens decreased their price objective on shares of Bunge Global from $110.00 to $105.00 in a report on Monday. Barclays downgraded shares of Bunge Global from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $115.00 to $95.00 in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

About Bunge Global

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.