Compagnie Lombard Odier SCmA Trims Stock Position in Bunge Global SA (NYSE:BG)

Compagnie Lombard Odier SCmA reduced its stake in shares of Bunge Global SA (NYSE:BG) by 55.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,765 shares of the basic materials company’s stock after selling 2,200 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Bunge Global were worth $137,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BG. AMF Tjanstepension AB increased its position 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 valued at $10,281,000 after purchasing an additional 39,600 shares during the period. Swedbank AB increased its position in Bunge Global by 11.9% during the 3rd quarter. Swedbank AB now owns 143,534 shares of the basic materials company’s stock valued at $13,871,000 after purchasing an additional 15,241 shares during the period. Vontobel Holding Ltd. increased its position in Bunge Global by 30.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 15,329 shares of the basic materials company’s stock valued at $1,481,000 after purchasing an additional 3,548 shares during the period. Bleakley Financial Group LLC increased its position in Bunge Global by 5.7% during the 3rd quarter. Bleakley Financial Group LLC now owns 41,710 shares of the basic materials company’s stock valued at $4,031,000 after purchasing an additional 2,259 shares during the period. Finally, Ellsworth Advisors LLC increased its position in Bunge Global by 21.0% during the 3rd quarter. Ellsworth Advisors LLC now owns 12,891 shares of the basic materials company’s stock valued at $1,246,000 after purchasing an additional 2,241 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Barclays reduced 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 research report on Thursday, February 6th. Bank of America reduced their target price on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Stephens reduced their target price on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Stock Performance

Shares of BG stock opened at $70.54 on Friday. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92. The company’s 50-day moving average is $77.63 and its 200 day moving average is $88.37. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 8.73 and a beta of 0.69. 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 announced its quarterly earnings data 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 2.14% and a return on equity of 11.73%. Sell-side analysts expect that Bunge Global SA will post 7.75 EPS for the current fiscal 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.