Signaturefd LLC Has $59,000 Stock Holdings in Bunge Global SA (NYSE:BG)

Signaturefd LLC reduced its stake in shares of Bunge Global SA (NYSE:BG) by 59.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 759 shares of the basic materials company’s stock after selling 1,093 shares during the quarter. Signaturefd LLC’s holdings in Bunge Global were worth $59,000 as of its most recent SEC filing.

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

Bunge Global Trading Down 0.7 %

NYSE BG opened at $72.72 on Tuesday. The firm has a market capitalization of $9.74 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The business’s 50-day moving average price is $74.26 and its two-hundred day moving average price is $83.52. 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 SA has a 12 month low of $67.40 and a 12 month high of $114.92.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 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%. On average, analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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 report on Tuesday, February 11th. Bank of America dropped their price target 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. Barclays reduced their price objective on 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. Finally, Stephens cut their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Three investment 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. According to MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $93.00.

About Bunge Global

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.