Bunge Global SA (NYSE:BG) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its stake in shares of Bunge Global SA (NYSE:BG) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 530,283 shares of the basic materials company’s stock after selling 17,367 shares during the period. Van ECK Associates Corp owned approximately 0.38% of Bunge Global worth $41,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management acquired a new stake in shares of Bunge Global during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bunge Global during the third quarter worth $34,000. Farther Finance Advisors LLC lifted its stake in shares of Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after buying an additional 124 shares during the period. Crews Bank & Trust acquired a new stake in shares of Bunge Global during the fourth quarter worth $39,000. Finally, R Squared Ltd acquired a new position in Bunge Global during the fourth quarter valued at $45,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BG. Morgan Stanley decreased 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 report on Tuesday. Stephens decreased their target price on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. 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 research report on Thursday, February 6th. Finally, Bank of America decreased their target price on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday. Four research 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $93.00.

Bunge Global Trading Up 1.1 %

Shares of Bunge Global stock opened at $69.85 on Friday. The firm has a 50-day simple moving average of $77.90 and a two-hundred day simple moving average of $88.67. The company has a market cap of $9.75 billion, a P/E ratio of 8.65 and a beta of 0.69. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.15.

Bunge Global (NYSE:BG) last issued 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 return on equity of 11.73% and a net margin of 2.14%. As a group, equities analysts predict that Bunge Global SA will post 7.75 earnings per share for the current fiscal year.

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.