Bunge Global SA (NYSE:BG) Position Lowered by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. reduced its position in Bunge Global SA (NYSE:BG) by 52.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,239 shares of the basic materials company’s stock after selling 13,527 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in Bunge Global were worth $952,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Spire Wealth Management acquired a new stake in shares of Bunge Global during the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global in the 3rd quarter worth about $34,000. Crews Bank & Trust acquired a new position in shares of Bunge Global in the 4th quarter valued at about $39,000. R Squared Ltd bought a new stake in shares of Bunge Global during the 4th quarter valued at about $45,000. Finally, Financial Perspectives Inc raised its stake in Bunge Global by 585.0% during the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 585 shares during the period. Institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 3.3 %

Bunge Global stock opened at $78.91 on Friday. Bunge Global SA has a 12-month low of $67.40 and a 12-month 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 stock has a market capitalization of $10.57 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. The firm has a 50 day simple moving average of $73.73 and a 200-day simple moving average of $80.74.

Bunge Global (NYSE:BG) last issued its quarterly earnings results 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 net margin of 2.14% and a return on equity of 11.73%. As a group, equities research analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BG shares. Morgan Stanley dropped 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. Barclays reduced their price target 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 cut their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Citigroup upped their target price on shares of Bunge Global from $76.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Stephens reduced their price objective on Bunge Global from $110.00 to $105.00 in a research report 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.60.

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.