Vanguard Group Inc. Trims Stock Holdings in Bunge Global SA (NYSE:BG)

Vanguard Group Inc. lessened its holdings in shares of Bunge Global SA (NYSE:BG) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,219,370 shares of the basic materials company’s stock after selling 113,194 shares during the quarter. Vanguard Group Inc. owned 12.33% of Bunge Global worth $1,338,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Spire Wealth Management acquired a new stake in shares of Bunge Global during the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Bunge Global during the 3rd quarter valued at $34,000. Crews Bank & Trust acquired a new position in Bunge Global during the 4th quarter worth $39,000. R Squared Ltd bought a new stake in shares of Bunge Global in the 4th quarter worth about $45,000. Finally, Financial Perspectives Inc raised its stake in shares of Bunge Global by 585.0% in the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 585 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

Shares of BG stock opened at $76.46 on Friday. The company has a market cap of $10.24 billion, a P/E ratio of 9.46, a PEG ratio of 2.66 and a beta of 0.67. The business has a 50 day moving average of $73.92 and a two-hundred day moving average of $83.23. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG) last released its quarterly earnings data 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%. As a group, analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on BG. Stephens decreased their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Bank of America decreased 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 price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, Morgan Stanley reduced 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. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $93.00.

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.