Bunge Global SA (NYSE:BG) Stake Decreased by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in Bunge Global SA (NYSE:BG) by 0.7% in the fourth quarter, HoldingsChannel.com reports. 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 about 0.12% of Bunge Global worth $1,338,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its stake in shares of Bunge Global by 16.9% in the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock worth $26,371,000 after purchasing an additional 39,646 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Bunge Global by 7.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after purchasing an additional 278 shares during the period. Vontobel Holding Ltd. grew its position in Bunge Global by 39.6% in the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock valued at $1,665,000 after buying an additional 6,077 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in Bunge Global during the 3rd quarter valued at about $888,000. Finally, State Street Corp raised its position in shares of 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 in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Price Performance

NYSE BG opened at $76.46 on Friday. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The business’s fifty day moving average is $73.92 and its two-hundred day moving average is $83.23. The stock has a market capitalization of $10.24 billion, a P/E ratio of 9.46, 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.

Bunge Global (NYSE:BG) last announced its 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 return on equity of 11.73% and a net margin of 2.14%. On average, research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on BG shares. Barclays decreased their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Bank of America decreased 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. Morgan Stanley lowered their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Finally, Stephens decreased their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.00.

About Bunge Global

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.