National Pension Service Trims Position in Bunge Global SA (NYSE:BG)

National Pension Service decreased its stake in Bunge Global SA (NYSE:BG) by 81.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,254 shares of the basic materials company’s stock after selling 253,363 shares during the quarter. National Pension Service’s holdings in Bunge Global were worth $4,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. increased its position in Bunge Global by 16.9% in the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock worth $26,371,000 after buying an additional 39,646 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Bunge Global by 7.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after buying an additional 278 shares in the last quarter. Vontobel Holding Ltd. increased its position in Bunge Global by 39.6% in the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock worth $1,665,000 after buying an additional 6,077 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in Bunge Global in the third quarter worth about $888,000. Finally, State Street Corp increased its position in Bunge Global by 7.6% in the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after buying an additional 500,897 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

BG has been the subject of a number of analyst reports. Stephens reduced their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Bank of America dropped their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Morgan Stanley dropped their price objective on 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 price objective on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Bunge Global Stock Performance

NYSE BG opened at $74.34 on Friday. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. 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 business has a 50-day moving average price of $75.71 and a 200-day moving average price of $86.39. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 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%. As a group, equities research analysts predict that Bunge Global SA will post 7.94 EPS 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.