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

Kendall Capital Management lowered its position in Bunge Global SA (NYSE:BG) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,550 shares of the basic materials company’s stock after selling 2,905 shares during the quarter. Kendall Capital Management’s holdings in Bunge Global were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in Bunge Global in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Bunge Global during the third quarter worth approximately $34,000. Farther Finance Advisors LLC raised its stake in shares of Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 124 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of Bunge Global during the fourth quarter worth approximately $39,000. Finally, R Squared Ltd purchased a new stake in shares of Bunge Global during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 1.4 %

Shares of BG stock opened at $75.68 on Friday. The business’s fifty day moving average price is $75.16 and its 200 day moving average price is $85.59. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The firm has a market capitalization 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 current ratio of 2.15 and a quick ratio of 1.27.

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 analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. As a group, sell-side analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BG has been the subject of several analyst reports. Morgan Stanley cut their price target 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. 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 research note on Thursday, February 6th. Bank of America cut their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, Stephens cut their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Bunge Global 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.