Mitsubishi UFJ Trust & Banking Corp Sells 4,230 Shares of Bunge Global SA (NYSE:BG)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Bunge Global SA (NYSE:BG) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 175,335 shares of the basic materials company’s stock after selling 4,230 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Bunge Global were worth $13,634,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Bunge Global by 3.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company’s stock worth $351,000 after buying an additional 170 shares during the period. Deseret Mutual Benefit Administrators boosted its stake in Bunge Global by 25.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 178 shares during the last quarter. Allworth Financial LP boosted its stake in Bunge Global by 32.3% in the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 194 shares during the last quarter. Abbot Financial Management Inc. grew its holdings in Bunge Global by 0.9% during the 4th quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company’s stock worth $1,786,000 after acquiring an additional 205 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Bunge Global by 15.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company’s stock valued at $129,000 after acquiring an additional 225 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Down 0.0 %

Shares of Bunge Global stock opened at $76.49 on Friday. The company has a market capitalization of $10.25 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The business has a 50-day moving average of $73.86 and a two-hundred day moving average of $83.07. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (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%. As a group, equities analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on BG. Barclays decreased 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. Bank of America decreased their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Stephens cut their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Morgan Stanley decreased 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 report on Tuesday, February 11th. Three investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

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.