Quadrant Capital Group LLC Has $45,000 Position in Bunge Global SA (NYSE:BG)

Quadrant Capital Group LLC cut its position in shares of Bunge Global SA (NYSE:BG) by 42.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 579 shares of the basic materials company’s stock after selling 435 shares during the period. Quadrant Capital Group LLC’s holdings in Bunge Global were worth $45,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BG. American Century Companies Inc. boosted its position in Bunge Global by 9.5% during the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company’s stock worth $18,815,000 after purchasing an additional 20,942 shares during the period. Franklin Resources Inc. raised its holdings in Bunge Global by 16.9% in the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after acquiring an additional 39,646 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Bunge Global by 7.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after acquiring an additional 278 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Bunge Global by 39.6% during the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock worth $1,665,000 after acquiring an additional 6,077 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Bunge Global by 12.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company’s stock valued at $2,935,000 after purchasing an additional 4,296 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley reduced their price target on 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. 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 research note on Tuesday, February 11th. Stephens dropped their price objective on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Barclays decreased their target price on shares of 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. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Bunge Global Price Performance

Shares of NYSE:BG opened at $76.36 on Friday. The firm has a 50 day moving average of $73.11 and a 200-day moving average of $81.17. Bunge Global SA has a 12 month low of $67.40 and a 12 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 $10.23 billion, a PE ratio of 9.45, a PEG ratio of 2.66 and a beta of 0.59.

Bunge Global (NYSE:BG) last announced its quarterly earnings data 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 net margin of 2.14% and a return on equity of 11.73%. On average, equities research analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal 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.