Bunge Global SA (NYSE:BG) Shares Sold by Aldebaran Capital LLC

Aldebaran Capital LLC lowered its stake in Bunge Global SA (NYSE:BG) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 98,084 shares of the basic materials company’s stock after selling 3,334 shares during the quarter. Bunge Global accounts for about 7.2% of Aldebaran Capital LLC’s portfolio, making the stock its 4th biggest holding. Aldebaran Capital LLC owned 0.07% of Bunge Global worth $7,627,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Bunge Global by 9.5% during the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company’s stock valued at $18,815,000 after acquiring an additional 20,942 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Bunge Global by 16.9% in the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after purchasing an additional 39,646 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after purchasing an additional 278 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Bunge Global by 39.6% during the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock worth $1,665,000 after buying an additional 6,077 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in shares of Bunge Global in the third quarter valued at about $888,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

BG has been the subject of several research reports. Stephens dropped their price objective on shares of 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 for the company in a report on Thursday, February 6th. Morgan Stanley lowered their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Finally, Bank of America dropped their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Stock Up 0.2 %

BG stock opened at $78.13 on Friday. The firm has a market cap of $10.47 billion, a PE ratio of 9.67, a PEG ratio of 2.66 and a beta of 0.67. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The firm’s 50 day moving average price is $73.77 and its 200-day moving average price is $82.55.

Bunge Global (NYSE:BG) last announced 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%. On average, equities research analysts anticipate that Bunge Global SA will post 7.94 EPS 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.