Bunge Global SA (NYSE:BG) Stake Trimmed by Fruth Investment Management

Fruth Investment Management cut its position in shares of Bunge Global SA (NYSE:BG) by 1.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,216 shares of the basic materials company’s stock after selling 350 shares during the period. Fruth Investment Management’s holdings in Bunge Global were worth $2,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Bunge Global by 20.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,935 shares of the basic materials company’s stock valued at $1,396,000 after acquiring an additional 3,020 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Bunge Global by 4.0% in the fourth quarter. Yousif Capital Management LLC now owns 22,546 shares of the basic materials company’s stock valued at $1,753,000 after purchasing an additional 860 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Bunge Global in the fourth quarter worth $26,000. Capital Insight Partners LLC grew its holdings in shares of Bunge Global by 9.2% during the fourth quarter. Capital Insight Partners LLC now owns 9,185 shares of the basic materials company’s stock valued at $714,000 after buying an additional 775 shares in the last quarter. Finally, Mediolanum International Funds Ltd lifted its stake in Bunge Global by 6.9% in the 4th quarter. Mediolanum International Funds Ltd now owns 70,403 shares of the basic materials company’s stock worth $5,400,000 after acquiring an additional 4,560 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays downgraded Bunge Global from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $115.00 to $95.00 in a report on Tuesday, January 21st. Stephens lowered their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.83.

Bunge Global Stock Performance

NYSE:BG opened at $69.82 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The firm’s 50-day moving average is $80.13 and its 200-day moving average is $90.31. Bunge Global SA has a 52-week low of $69.73 and a 52-week high of $114.92. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 8.84 and a beta of 0.69.

Bunge Global (NYSE:BG) last posted its quarterly 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 2.11% and a return on equity of 13.71%. Equities research analysts anticipate that Bunge Global SA will post 9.35 earnings per share for the current year.

Bunge Global 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.