Bunge Global SA (NYSE:BG) Shares Sold by Alerus Financial NA

Alerus Financial NA decreased its position in shares of Bunge Global SA (NYSE:BG) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,189 shares of the basic materials company’s stock after selling 158 shares during the period. Alerus Financial NA’s holdings in Bunge Global were worth $248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BG. Spire Wealth Management acquired a new stake in shares of Bunge Global during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global during the 3rd quarter worth approximately $34,000. Crews Bank & Trust acquired a new position in shares of Bunge Global in the fourth quarter valued at approximately $39,000. R Squared Ltd purchased a new stake in shares of Bunge Global during the fourth quarter worth approximately $45,000. Finally, Financial Perspectives Inc grew its position in Bunge Global by 585.0% in the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after buying an additional 585 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Down 0.0 %

Shares of BG stock opened at $76.49 on Friday. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $73.86 and a 200-day simple moving average of $83.07. The stock 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.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BG shares. Barclays dropped their price target on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Bank of America cut their price objective 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. Morgan Stanley decreased their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Finally, Stephens cut their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.