Bunge Global SA (NYSE:BG) Shares Sold by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. trimmed its position in shares of Bunge Global SA (NYSE:BG) by 4.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,633 shares of the basic materials company’s stock after selling 318 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Bunge Global were worth $594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BG. Spire Wealth Management acquired a new stake in shares of Bunge Global during the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bunge Global during the 3rd quarter worth $34,000. Crews Bank & Trust acquired a new stake in shares of Bunge Global during the 4th quarter worth $39,000. Farther Finance Advisors LLC increased its holdings in shares of Bunge Global by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after buying an additional 124 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Bunge Global during the 4th quarter worth $45,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Up 0.9 %

Shares of NYSE BG opened at $74.22 on Wednesday. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company has a market cap of $9.94 billion, a P/E ratio of 9.19, a P/E/G ratio of 2.66 and a beta of 0.69. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average price of $76.02 and a 200 day moving average price of $86.80.

Bunge Global (NYSE:BG) last announced its earnings results 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%. Research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on BG shares. Stephens dropped their price objective on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America lowered their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Morgan Stanley lowered 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. Finally, Barclays lowered 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. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.