Leavell Investment Management Inc. Has $350,000 Position in Bunge Global SA (NYSE:BG)

Leavell Investment Management Inc. decreased its holdings in Bunge Global SA (NYSE:BG) by 46.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,500 shares of the basic materials company’s stock after selling 3,900 shares during the period. Leavell Investment Management Inc.’s holdings in Bunge Global were worth $350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. raised its position in 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. raised its holdings in shares of Bunge Global by 7.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after buying an additional 278 shares in the last quarter. Swedbank AB boosted its stake in Bunge Global by 11.9% in the 3rd quarter. Swedbank AB now owns 143,534 shares of the basic materials company’s stock valued at $13,871,000 after buying an additional 15,241 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in Bunge Global in the third quarter valued at $888,000. Finally, State Street Corp raised its stake in Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after acquiring an additional 500,897 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BG. Morgan Stanley lowered their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday. Stephens decreased their price objective on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays dropped 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. Finally, Bank of America reduced their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday. Four investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Bunge Global Price Performance

Shares of BG stock opened at $70.54 on Friday. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The company has a current ratio of 2.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $77.63 and its 200-day moving average is $88.37. The firm has a market capitalization of $9.85 billion, a price-to-earnings ratio of 8.73 and a beta of 0.69.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Sell-side analysts forecast that Bunge Global SA will post 7.75 EPS for the current fiscal year.

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.