AMF Tjanstepension AB Decreases Stock Holdings in Bunge Global SA (NYSE:BG)

AMF Tjanstepension AB decreased its holdings in shares of Bunge Global SA (NYSE:BG) by 46.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,490 shares of the basic materials company’s stock after selling 48,894 shares during the period. AMF Tjanstepension AB’s holdings in Bunge Global were worth $4,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BG. Spire Wealth Management purchased a new position in shares of Bunge Global during the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in Bunge Global in the 3rd quarter valued at $34,000. Crews Bank & Trust purchased a new position in Bunge Global in the 4th quarter valued at $39,000. Farther Finance Advisors LLC lifted its holdings in Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 124 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Bunge Global in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BG shares. Stephens decreased their price objective on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Barclays reduced their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. 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 report on Tuesday, February 11th. Finally, Morgan Stanley reduced their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Stock Up 1.4 %

Shares of BG opened at $75.68 on Friday. The firm has a market cap of $10.14 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92. The company’s 50-day moving average price is $75.16 and its 200 day moving average price is $85.59. 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 (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%. On average, sell-side analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

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.