Bunge Global SA (NYSE:BG) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC decreased its position in Bunge Global SA (NYSE:BG - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & 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.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Spire Wealth Management purchased a new position in shares of Bunge Global in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new position in Bunge Global during the 3rd quarter worth $34,000. Crews Bank & Trust purchased a new position in shares of Bunge Global in the 4th 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 lifted its holdings in shares of Bunge Global by 585.0% during the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $53,000 after purchasing an additional 585 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Price Performance

Shares of BG traded up $0.85 during mid-day trading on Thursday, reaching $76.75. 544,824 shares of the company's stock were exchanged, compared to its average volume of 1,583,586. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 2.66 and a beta of 0.68. 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 company has a 50-day simple moving average of $75.84 and a two-hundred day simple moving average of $79.09. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, beating 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 business had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. During the same period in the previous year, the company posted $3.04 EPS. The company's revenue was down 13.2% compared to the same quarter last year. On average, sell-side analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America reduced their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Stephens dropped their price objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday. Morgan Stanley cut 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 report on Tuesday, February 11th. Barclays lowered 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. Finally, Citigroup boosted their price target on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Bunge Global presently has a consensus rating of "Hold" and a consensus target price of $81.60.

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.