Securian Asset Management Inc. Sells 211 Shares of Bunge Global SA (NYSE:BG)

Securian Asset Management Inc. lowered its holdings in shares of Bunge Global SA (NYSE:BG) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,503 shares of the basic materials company’s stock after selling 211 shares during the period. Securian Asset Management Inc.’s holdings in Bunge Global were worth $583,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management bought a new position in Bunge Global during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in Bunge Global during the third quarter worth about $34,000. Crews Bank & Trust bought a new stake in shares of Bunge Global during the fourth quarter worth approximately $39,000. R Squared Ltd bought a new stake in shares of Bunge Global during the fourth quarter worth approximately $45,000. Finally, Financial Perspectives Inc boosted its holdings in shares of Bunge Global by 585.0% during the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 585 shares during the period. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

BG has been the subject of a number of research analyst reports. Stephens reduced their price objective on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America reduced their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Morgan Stanley reduced their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Finally, Barclays reduced their price objective on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a 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, Bunge Global has an average rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Stock Up 0.6 %

NYSE BG opened at $74.01 on Monday. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The company has a 50 day moving average of $74.84 and a 200-day moving average of $84.63. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 2.66 and a beta of 0.67.

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

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.