Bunge Global SA (NYSE:BG) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in shares of Bunge Global SA (NYSE:BG) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 400,100 shares of the basic materials company’s stock after selling 20,200 shares during the period. Swiss National Bank’s holdings in Bunge Global were worth $31,112,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BG. Pacer Advisors Inc. raised its holdings in 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 purchasing an additional 2,934,656 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new stake in Bunge Global during the 3rd quarter valued at approximately $54,330,000. State Street Corp raised its position in 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 buying an additional 500,897 shares during the last quarter. Amundi boosted its holdings in Bunge Global by 24.9% in the 4th quarter. Amundi now owns 2,457,864 shares of the basic materials company’s stock valued at $190,476,000 after purchasing an additional 490,153 shares in the last quarter. Finally, SG Americas Securities LLC boosted 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 in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays lowered their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Stephens reduced their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley lowered their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Finally, Bank of America cut their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Bunge Global Price Performance

Shares of BG stock opened at $74.57 on Tuesday. The firm has a market cap of $9.99 billion, a P/E ratio of 9.23, a P/E/G ratio of 2.66 and a beta of 0.67. The firm has a fifty day moving average of $74.77 and a two-hundred day moving average of $84.44. 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 1-year low of $67.40 and a 1-year high of $114.92.

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 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, research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

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.