Commonwealth Equity Services LLC Sells 4,169 Shares of Bunge Global SA (NYSE:BG)

Commonwealth Equity Services LLC lessened its holdings in shares of Bunge Global SA (NYSE:BG) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,661 shares of the basic materials company’s stock after selling 4,169 shares during the period. Commonwealth Equity Services LLC’s holdings in Bunge Global were worth $2,929,000 as of its most recent SEC filing.

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

Bunge Global Stock Up 1.0 %

BG opened at $73.44 on Wednesday. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $74.10 and a 200-day moving average price of $83.34. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG) last announced its 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%. Equities research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BG. Barclays decreased their target price on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Stephens decreased their price objective on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America lowered their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley reduced their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.