HighTower Advisors LLC Sells 10,301 Shares of Bunge Global SA (NYSE:BG)

HighTower Advisors LLC reduced its position in Bunge Global SA (NYSE:BG) by 26.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 29,315 shares of the basic materials company’s stock after selling 10,301 shares during the quarter. HighTower Advisors LLC’s holdings in Bunge Global were worth $2,280,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after purchasing an additional 500,897 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Bunge Global by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company’s stock worth $329,697,000 after purchasing an additional 45,159 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Bunge Global by 13,459.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after purchasing an additional 2,934,656 shares in the last quarter. Amundi lifted its holdings in shares of Bunge Global by 24.9% in the 4th quarter. Amundi now owns 2,457,864 shares of the basic materials company’s stock worth $190,476,000 after purchasing an additional 490,153 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Bunge Global by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,502,083 shares of the basic materials company’s stock worth $116,802,000 after purchasing an additional 57,462 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

NYSE BG opened at $73.29 on Friday. Bunge Global SA has a 1 year low of $67.40 and a 1 year 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 $9.82 billion, a PE ratio of 9.07, a P/E/G ratio of 2.66 and a beta of 0.67. The company’s 50 day simple moving average is $74.44 and its two-hundred day simple moving average is $83.82.

Bunge Global (NYSE:BG) last posted its 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 return on equity of 11.73% and a net margin of 2.14%. Analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Stephens cut their target price on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America dropped their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Barclays dropped their price objective on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Morgan Stanley dropped their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Three investment 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.00.

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.