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

Mitsubishi UFJ Trust & Banking Corp lowered its position in Bunge Global SA (NYSE:BG) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 owned 0.13% of Bunge Global worth $13,634,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. lifted its position in Bunge Global by 3.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 170 shares during the period. Deseret Mutual Benefit Administrators boosted its position in shares of Bunge Global by 25.4% during the 4th 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 in the last quarter. Allworth Financial LP boosted its position in shares of Bunge Global by 32.3% during the 4th 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 in the last quarter. Abbot Financial Management Inc. raised its position in Bunge Global by 0.9% in the fourth quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company’s stock worth $1,786,000 after purchasing an additional 205 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in Bunge Global by 15.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company’s stock worth $129,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Price Performance

Bunge Global stock opened at $76.49 on Friday. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The firm has a market cap of $10.25 billion, a P/E ratio of 9.47, a P/E/G ratio of 2.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The business’s fifty day moving average is $73.86 and its two-hundred day moving average is $83.07.

Bunge Global (NYSE:BG) last issued its quarterly earnings data 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 return on equity of 11.73% and a net margin of 2.14%. Equities research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BG has been the topic of several analyst reports. Morgan Stanley lowered their price objective on 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. 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. Stephens lowered their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, Bank of America dropped their target price on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.