Bunge Global SA (NYSE:BG) Shares Sold by ING Groep NV

ING Groep NV lessened its holdings in shares of Bunge Global SA (NYSE:BG) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,833 shares of the basic materials company’s stock after selling 1,111 shares during the quarter. ING Groep NV’s holdings in Bunge Global were worth $1,387,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB grew its holdings in Bunge Global by 59.3% during the 3rd quarter. AMF Tjanstepension AB now owns 106,384 shares of the basic materials company’s stock worth $10,281,000 after acquiring an additional 39,600 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Bunge Global by 121.5% during the third quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 361 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Bunge Global in the third quarter worth about $348,000. Assenagon Asset Management S.A. increased its holdings in Bunge Global by 10.5% in the third quarter. Assenagon Asset Management S.A. now owns 33,448 shares of the basic materials company’s stock valued at $3,232,000 after buying an additional 3,185 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Bunge Global by 24.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,915 shares of the basic materials company’s stock valued at $1,458,000 after buying an additional 2,926 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Up 2.6 %

NYSE:BG opened at $73.12 on Monday. The firm has a market capitalization of $10.21 billion, a P/E ratio of 9.05, a P/E/G ratio of 2.59 and a beta of 0.69. The business has a 50 day simple moving average of $76.30 and a 200 day simple moving average of $87.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92.

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 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 predict that Bunge Global SA will post 7.94 EPS for the current year.

Analyst Upgrades and Downgrades

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