Gamco Investors INC. ET AL Has $4.20 Million Stock Position in Bunge Global SA (NYSE:BG)

Gamco Investors INC. ET AL cut its holdings in shares of Bunge Global SA (NYSE:BG) by 1.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 53,985 shares of the basic materials company’s stock after selling 600 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Bunge Global were worth $4,198,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Spire Wealth Management bought a new position in Bunge Global during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global in the 3rd quarter worth $34,000. Crews Bank & Trust bought a new position in shares of Bunge Global during the 4th quarter worth about $39,000. R Squared Ltd acquired a new position in shares of Bunge Global during the fourth quarter valued at about $45,000. Finally, Financial Perspectives Inc lifted its stake in shares of Bunge Global by 585.0% in the fourth 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 period. 86.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BG shares. Barclays lowered their price objective on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Bank of America reduced their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Stephens lowered their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley dropped their price target on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Finally, Citigroup lifted their price objective on Bunge Global from $76.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.60.

Bunge Global Trading Up 3.3 %

NYSE BG opened at $78.91 on Friday. 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 12 month low of $67.40 and a 12 month high of $114.92. The company has a market capitalization of $10.57 billion, a PE ratio of 9.77, a P/E/G ratio of 2.66 and a beta of 0.59. The stock has a 50-day simple moving average of $73.73 and a 200 day simple moving average of $80.74.

Bunge Global (NYSE:BG) last announced its quarterly earnings results 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%. Research analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

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.