Optimum Investment Advisors Sells 615 Shares of Bunge Global SA (NYSE:BG)

Optimum Investment Advisors trimmed its position in shares of Bunge Global SA (NYSE:BG) by 20.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,450 shares of the basic materials company’s stock after selling 615 shares during the period. Optimum Investment Advisors’ holdings in Bunge Global were worth $191,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Old West Investment Management LLC boosted its position in shares of Bunge Global by 6.7% during the 3rd quarter. Old West Investment Management LLC now owns 120,043 shares of the basic materials company’s stock worth $11,601,000 after acquiring an additional 7,489 shares in the last quarter. Caprock Group LLC raised its position in Bunge Global by 2.2% during the third quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock valued at $722,000 after purchasing an additional 164 shares in the last quarter. Prospera Financial Services Inc lifted its stake in Bunge Global by 5.5% during the third quarter. Prospera Financial Services Inc now owns 4,929 shares of the basic materials company’s stock worth $477,000 after purchasing an additional 258 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bunge Global in the 3rd quarter valued at $2,034,000. Finally, Intech Investment Management LLC increased its stake in shares of Bunge Global by 194.0% in the 3rd quarter. Intech Investment Management LLC now owns 50,211 shares of the basic materials company’s stock valued at $4,852,000 after purchasing an additional 33,130 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Performance

Shares of BG stock opened at $73.29 on Friday. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 2.66 and a beta of 0.67. 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 business’s 50-day moving average price is $74.44 and its 200-day moving average price is $83.82. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing the consensus estimate 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 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. 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 report on Thursday, February 6th. Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Bank of America decreased their price target on shares of 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 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 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.