Amalgamated Bank Sells 858 Shares of Bunge Global SA (NYSE:BG)

Amalgamated Bank cut its holdings in shares of Bunge Global SA (NYSE:BG) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,933 shares of the basic materials company’s stock after selling 858 shares during the period. Amalgamated Bank’s holdings in Bunge Global were worth $2,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in Bunge Global by 5.2% in the 4th quarter. Bank of New York Mellon Corp now owns 840,587 shares of the basic materials company’s stock worth $65,364,000 after purchasing an additional 41,884 shares in the last quarter. Blackhawk Capital Partners LLC. acquired a new position in shares of Bunge Global during the fourth quarter worth $292,000. Rothschild Investment LLC increased its holdings in Bunge Global by 1.9% in the fourth quarter. Rothschild Investment LLC now owns 14,129 shares of the basic materials company’s stock valued at $1,099,000 after purchasing an additional 266 shares during the period. IFP Advisors Inc increased its stake in shares of Bunge Global by 17.0% in the fourth quarter. IFP Advisors Inc now owns 1,852 shares of the basic materials company’s stock valued at $144,000 after buying an additional 269 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Bunge Global in the fourth quarter valued at approximately $2,601,000. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

Shares of BG opened at $74.34 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The firm has a market capitalization of $9.96 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The company has a 50-day simple moving average of $75.71 and a two-hundred day simple moving average of $86.32.

Bunge Global (NYSE:BG) last announced 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 return on equity of 11.73% and a net margin of 2.14%. On average, analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley decreased their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Stephens reduced their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays cut their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, 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. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

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.