Bunge Global SA (NYSE:BG) Shares Sold by Napatree Capital LLC

Napatree Capital LLC trimmed its position in Bunge Global SA (NYSE:BG) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,993 shares of the basic materials company’s stock after selling 661 shares during the period. Napatree Capital LLC’s holdings in Bunge Global were worth $544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of Bunge Global by 16.9% during the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after acquiring an additional 39,646 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock valued at $302,000 after purchasing an additional 278 shares during the period. Vontobel Holding Ltd. raised its stake in Bunge Global by 39.6% during the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock valued at $1,665,000 after purchasing an additional 6,077 shares during the period. iA Global Asset Management Inc. acquired a new stake in Bunge Global during the 3rd quarter valued at $888,000. Finally, State Street Corp raised its stake in Bunge Global by 7.6% during the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after purchasing an additional 500,897 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Down 0.9 %

NYSE BG opened at $73.29 on Friday. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $9.82 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The firm’s fifty day simple moving average is $74.44 and its 200-day simple moving average is $83.82.

Bunge Global (NYSE:BG) last posted 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%. As a group, sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays cut 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 note on Thursday, February 6th. Bank of America cut 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 note on Tuesday, February 11th. Stephens cut their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Morgan Stanley dropped their price target on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.