Bunge Global SA (NYSE:BG) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in Bunge Global SA (NYSE:BG) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,954 shares of the basic materials company’s stock after selling 6,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Bunge Global were worth $2,796,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in Bunge Global in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in Bunge Global during the 3rd quarter worth approximately $34,000. Farther Finance Advisors LLC grew its position in Bunge Global by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 124 shares in the last quarter. Crews Bank & Trust purchased a new position in Bunge Global during the 4th quarter worth approximately $39,000. Finally, R Squared Ltd purchased a new position in Bunge Global during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Down 1.2 %

Shares of NYSE:BG opened at $73.35 on Thursday. The firm has a fifty day moving average of $75.90 and a two-hundred day moving average of $86.71. The firm has a market capitalization of $9.83 billion, a P/E ratio of 9.08, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (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%. On average, equities analysts expect that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BG has been the topic of several research analyst reports. Morgan Stanley lowered their price objective 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, February 11th. Bank of America lowered their price objective 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, February 11th. Stephens lowered their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Barclays lowered their price objective 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. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.