Kendall Capital Management Trims Position in Bunge Global SA (NYSE:BG)

Kendall Capital Management lessened its stake in shares of Bunge Global SA (NYSE:BG) by 20.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,550 shares of the basic materials company’s stock after selling 2,905 shares during the period. Kendall Capital Management’s holdings in Bunge Global were worth $898,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Spire Wealth Management purchased a new stake in Bunge Global in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Bunge Global in the 3rd quarter valued at about $34,000. Crews Bank & Trust purchased a new stake in Bunge Global in the 4th quarter valued at about $39,000. Farther Finance Advisors LLC raised its holdings in Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after buying an additional 124 shares during the period. Finally, R Squared Ltd purchased a new stake in Bunge Global in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $75.68 on Friday. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The company has a market cap of $10.14 billion, a PE ratio of 9.37, a P/E/G ratio of 2.66 and a beta of 0.67. 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 business has a 50-day simple moving average of $75.16 and a 200-day simple moving average of $85.59.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stephens dropped their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. 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 research report on Tuesday, February 11th. Barclays dropped their target price on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, Morgan Stanley dropped their target price 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 analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.00.

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.