Bunge Global SA (NYSE:BG) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its stake in shares of Bunge Global SA (NYSE:BG) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,459 shares of the basic materials company’s stock after selling 425 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Bunge Global were worth $658,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Old West Investment Management LLC lifted its holdings in Bunge Global by 6.7% in the 3rd quarter. Old West Investment Management LLC now owns 120,043 shares of the basic materials company’s stock valued at $11,601,000 after purchasing an additional 7,489 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Bunge Global by 17.2% in the third quarter. Public Sector Pension Investment Board now owns 6,140 shares of the basic materials company’s stock valued at $593,000 after buying an additional 900 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Bunge Global by 8.0% in the third quarter. Captrust Financial Advisors now owns 4,116 shares of the basic materials company’s stock valued at $398,000 after buying an additional 304 shares during the last quarter. State Street Corp lifted its stake in shares of Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after buying an additional 500,897 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in Bunge Global during the third quarter worth approximately $795,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Price Performance

Shares of Bunge Global stock opened at $71.67 on Tuesday. The business’s fifty day moving average price is $73.55 and its 200 day moving average price is $81.97. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $9.60 billion, a P/E ratio of 8.87, a PEG ratio of 2.66 and a beta of 0.59.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on BG shares. Bank of America reduced their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Barclays dropped their target price 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 decreased their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Morgan Stanley dropped 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 research note on Tuesday, February 11th. Three 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.