Bunge Global SA (NYSE:BG) Shares Sold by PFG Advisors

PFG Advisors cut its stake in Bunge Global SA (NYSE:BGFree Report) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,138 shares of the basic materials company’s stock after selling 277 shares during the period. PFG Advisors’ holdings in Bunge Global were worth $216,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Bunge Global by 0.3% during the third quarter. Vanguard Group Inc. now owns 18,376,767 shares of the basic materials company’s stock valued at $1,989,285,000 after purchasing an additional 60,660 shares during the period. State Street Corp boosted its stake in Bunge Global by 1.4% during the second quarter. State Street Corp now owns 6,912,885 shares of the basic materials company’s stock valued at $652,231,000 after buying an additional 98,422 shares in the last quarter. Geode Capital Management LLC boosted its stake in Bunge Global by 59.8% during the first quarter. Geode Capital Management LLC now owns 3,100,158 shares of the basic materials company’s stock valued at $295,462,000 after buying an additional 1,159,939 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Bunge Global by 28.9% during the third quarter. Bank of New York Mellon Corp now owns 2,942,342 shares of the basic materials company’s stock valued at $318,509,000 after buying an additional 659,471 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Bunge Global by 2.8% during the third quarter. Northern Trust Corp now owns 2,763,072 shares of the basic materials company’s stock valued at $299,103,000 after buying an additional 75,936 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Down 0.1 %

Shares of Bunge Global stock opened at $103.75 on Thursday. The stock has a 50-day moving average price of $93.77 and a 200 day moving average price of $100.24. The company has a market cap of $14.88 billion, a P/E ratio of 6.97 and a beta of 0.64. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Bunge Global SA has a 1 year low of $86.10 and a 1 year high of $116.59.

Bunge Global (NYSE:BGGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.89. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. The firm had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.96 billion. During the same period in the prior year, the business earned $3.24 EPS. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. As a group, analysts expect that Bunge Global SA will post 9.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BG has been the subject of several research reports. The Goldman Sachs Group decreased their target price on Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. Barclays decreased their target price on Bunge Global from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday, January 23rd. Robert W. Baird decreased their target price on Bunge Global from $125.00 to $108.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Roth Mkm decreased their price target on Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Finally, HSBC upgraded Bunge Global from a “hold” rating to a “buy” rating and decreased their price target for the company from $122.00 to $105.00 in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.44.

View Our Latest Stock Analysis on Bunge Global

Bunge Global Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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