Bunge Global SA (NYSE:BG) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lessened its holdings in shares of Bunge Global SA (NYSE:BG) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,009 shares of the basic materials company’s stock after selling 607 shares during the period. Freedom Investment Management Inc.’s holdings in Bunge Global were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Bunge Global by 9.5% in the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company’s stock worth $18,815,000 after purchasing an additional 20,942 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of 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 in the last quarter. Franklin Resources Inc. lifted its position in Bunge Global by 16.9% in the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock worth $26,371,000 after buying an additional 39,646 shares in the last quarter. Vontobel Holding Ltd. boosted its position in Bunge Global by 39.6% during the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock valued at $1,665,000 after purchasing an additional 6,077 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Bunge Global by 12.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company’s stock valued at $2,935,000 after buying an additional 4,296 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Up 3.3 %

BG opened at $78.91 on Friday. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The firm has a 50-day moving average price of $73.91 and a two-hundred day moving average price of $80.49. The stock has a market capitalization of $10.57 billion, a PE ratio of 9.77, a PEG ratio of 2.66 and a beta of 0.59. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43.

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

Analyst Ratings Changes

BG has been the topic of several analyst reports. Barclays lowered 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. Morgan Stanley decreased their price target 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. Stephens lowered their price objective on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Citigroup upped their target price on shares of Bunge Global from $76.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Finally, Bank of America dropped their price objective 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. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.60.

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.