Cypress Capital Group Sells 2,813 Shares of Bunge Global SA (NYSE:BG)

Cypress Capital Group decreased its position in Bunge Global SA (NYSE:BG) by 32.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,832 shares of the basic materials company’s stock after selling 2,813 shares during the quarter. Cypress Capital Group’s holdings in Bunge Global were worth $453,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management bought a new position in shares of Bunge Global in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Bunge Global during the third quarter worth $34,000. Farther Finance Advisors LLC increased its position in 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 acquiring an additional 124 shares during the period. Crews Bank & Trust bought a new position in Bunge Global during the fourth quarter worth $39,000. Finally, R Squared Ltd bought a new position in Bunge Global during the fourth quarter worth $45,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 0.0 %

BG opened at $71.72 on Thursday. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The firm’s fifty day moving average price is $75.42 and its two-hundred day moving average price is $85.97. The company has a market capitalization of $9.61 billion, a P/E ratio of 8.88, a P/E/G ratio of 2.66 and a beta of 0.69.

Bunge Global (NYSE:BG) last posted its quarterly earnings results 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%. On average, analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BG shares. Barclays dropped their target price on shares of 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. Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Morgan Stanley dropped 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 research report on Tuesday, February 11th. Finally, Bank of America decreased their price target on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Three 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, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus target price 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.