Sumitomo Mitsui Trust Holdings Inc. Sells 15,619 Shares of Bunge Global SA (NYSE:BG)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in Bunge Global SA (NYSE:BG) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 432,118 shares of the basic materials company’s stock after selling 15,619 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.30% of Bunge Global worth $43,622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Loomis Sayles & Co. L P grew its stake in Bunge Global by 169.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after buying an additional 146 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Bunge Global in the 1st quarter valued at $36,000. Rise Advisors LLC boosted its stake in shares of Bunge Global by 40.6% in the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 117 shares in the last quarter. First Manhattan CO. LLC. purchased a new stake in shares of Bunge Global in the 1st quarter valued at $48,000. Finally, Ramirez Asset Management Inc. purchased a new stake in shares of Bunge Global in the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 2.9 %

NYSE:BG opened at $109.55 on Friday. The company has a 50-day moving average price of $97.89 and a 200-day moving average price of $99.92. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock has a market cap of $15.45 billion, a price-to-earnings ratio of 7.36 and a beta of 0.64.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, topping the consensus estimate of $2.81 by $0.89. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The firm had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $14.96 billion. During the same period last year, the company posted $3.24 EPS. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. Equities analysts predict that Bunge Global SA will post 9.36 EPS for the current year.

Analyst Upgrades and Downgrades

BG has been the subject of a number of research reports. BMO Capital Markets cut their price objective on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Citigroup upped their price objective on shares of Bunge Global from $108.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. StockNews.com cut shares of Bunge Global from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. HSBC raised shares of Bunge Global from a “hold” rating to a “buy” rating and cut their price target for the stock from $122.00 to $105.00 in a report on Friday, February 9th. Finally, Robert W. Baird cut their price target on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and an average price target of $120.44.

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.