Verdence Capital Advisors LLC Sells 708 Shares of Bunge Global SA (NYSE:BG)

Verdence Capital Advisors LLC lessened its holdings in Bunge Global SA (NYSE:BG) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,873 shares of the basic materials company’s stock after selling 708 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Bunge Global were worth $379,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management bought a new stake in shares of Bunge Global in the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Bunge Global in the third quarter valued at about $34,000. Farther Finance Advisors LLC boosted its position in shares of Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 124 shares during the period. Crews Bank & Trust bought a new stake in shares of Bunge Global in the fourth quarter valued at about $39,000. Finally, R Squared Ltd bought a new stake in shares of Bunge Global in the fourth quarter valued at about $45,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 4.2 %

BG opened at $74.70 on Friday. 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 capitalization of $10.01 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 2.66 and a beta of 0.69. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The company has a 50-day simple moving average of $75.27 and a 200 day simple moving average of $85.88.

Bunge Global (NYSE:BG) last issued its 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 return on equity of 11.73% and a net margin of 2.14%. Analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BG. Bank of America reduced 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, February 11th. Barclays cut their price objective 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. Stephens cut their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Morgan Stanley cut their price objective 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, February 11th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

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.