AQR Capital Management LLC Cuts Position in Bunge Global SA (NYSE:BG)

AQR Capital Management LLC reduced its position in Bunge Global SA (NYSE:BG - Free Report) by 27.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 551,614 shares of the basic materials company's stock after selling 211,209 shares during the quarter. AQR Capital Management LLC owned 0.40% of Bunge Global worth $42,745,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. FMR LLC grew its stake in shares of Bunge Global by 25.3% during the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock valued at $269,488,000 after buying an additional 699,889 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Bunge Global by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock valued at $268,205,000 after acquiring an additional 34,890 shares during the period. Invesco Ltd. grew its position in Bunge Global by 28.6% during the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after acquiring an additional 713,561 shares during the last quarter. Pacer Advisors Inc. lifted its position in Bunge Global by 13,459.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock valued at $229,894,000 after purchasing an additional 2,934,656 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Bunge Global by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock valued at $193,379,000 after purchasing an additional 183,701 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BG shares. Citigroup upped their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Morgan Stanley lowered 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. Barclays cut their target price on 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. Stephens lowered their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Bank of America cut their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Three research 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's stock. According to data from MarketBeat.com, Bunge Global currently has a consensus rating of "Moderate Buy" and an average price target of $85.60.

Bunge Global Trading Down 2.6 %

BG stock traded down $2.01 during trading on Wednesday, reaching $76.15. The company had a trading volume of 1,786,770 shares, compared to its average volume of 1,579,810. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The business has a 50 day moving average of $75.81 and a 200 day moving average of $79.11. The company has a market cap of $10.20 billion, a P/E ratio of 9.43, a PEG ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.54. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The firm had revenue of $11.64 billion during the quarter, compared to analyst estimates of $13.18 billion. During the same quarter in the prior year, the company earned $3.04 EPS. The business's revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Bunge Global SA will post 7.94 earnings per share 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.