Bunge Global SA (NYSE:BG) Shares Sold by Concorde Financial Corp

Concorde Financial Corp reduced its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 46.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,466 shares of the basic materials company's stock after selling 13,236 shares during the period. Concorde Financial Corp's holdings in Bunge Global were worth $1,203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Spire Wealth Management purchased a new stake in shares of Bunge Global during the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global in the 3rd quarter valued at $34,000. Crews Bank & Trust purchased a new position in shares of Bunge Global during the 4th quarter worth $39,000. R Squared Ltd acquired a new stake in shares of Bunge Global during the 4th quarter worth about $45,000. Finally, Financial Perspectives Inc raised its holdings in Bunge Global by 585.0% in the 4th 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BG. Citigroup increased their target price on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Barclays decreased their price target 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. Morgan Stanley dropped their price objective 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. Finally, Bank of America decreased their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $85.60.

Bunge Global Trading Up 0.6 %

NYSE:BG opened at $78.31 on Wednesday. The stock has a fifty day moving average price of $75.81 and a 200 day moving average price of $79.11. 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 firm has a market cap of $10.49 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

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.

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