Keybank National Association OH Sells 2,171 Shares of Bunge Global SA (NYSE:BG)

Keybank National Association OH trimmed its holdings in Bunge Global SA (NYSE:BG) by 13.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 14,380 shares of the basic materials company’s stock after selling 2,171 shares during the quarter. Keybank National Association OH’s holdings in Bunge Global were worth $1,118,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. State Street Corp increased its holdings in 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 buying an additional 500,897 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 buying an additional 45,159 shares in the last quarter. Pacer Advisors Inc. increased its holdings in 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 buying an additional 2,934,656 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 buying an additional 57,462 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Bunge Global by 5.2% in the 4th quarter. Bank of New York Mellon Corp now owns 840,587 shares of the basic materials company’s stock worth $65,364,000 after buying an additional 41,884 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Up 1.4 %

BG stock opened at $75.68 on Friday. 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 stock has a market cap of $10.14 billion, a P/E ratio of 9.37, a PEG ratio of 2.66 and a beta of 0.67. The business’s 50-day moving average price is $75.20 and its 200-day moving average price is $85.80.

Bunge Global (NYSE:BG) last posted its quarterly earnings data 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%. On average, equities research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Stephens dropped their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Morgan Stanley dropped their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Bank of America dropped their target price 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, Barclays dropped their target price 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. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus target price 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.