Bunge Global SA (NYSE:BG) Stock Position Decreased by Concorde Financial Corp

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

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Bunge Global by 3.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock valued at $351,000 after purchasing an additional 170 shares during the period. Deseret Mutual Benefit Administrators boosted its position in shares of Bunge Global by 25.4% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock worth $68,000 after purchasing an additional 178 shares in the last quarter. DoubleLine ETF Adviser LP lifted its position in Bunge Global by 2.4% in the 4th quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock valued at $615,000 after acquiring an additional 183 shares in the last quarter. Allworth Financial LP boosted its stake in Bunge Global by 32.3% during the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock valued at $62,000 after purchasing an additional 194 shares during the last quarter. Finally, Abbot Financial Management Inc. boosted its stake in Bunge Global by 0.9% during the 4th quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock valued at $1,786,000 after purchasing an additional 205 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Price Performance

Shares of Bunge Global stock traded up $2.05 on Monday, hitting $79.40. The company's stock had a trading volume of 569,834 shares, compared to its average volume of 1,591,648. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The firm has a fifty day moving average price of $76.05 and a 200-day moving average price of $78.77. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $13.18 billion. During the same period in the prior year, the firm posted $3.04 earnings per share. The firm's quarterly revenue was down 13.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

BG has been the topic of a number of research reports. Morgan Stanley lowered their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report 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 report on Tuesday, February 11th. Stephens cut their target price on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday. 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 research report on Tuesday, April 15th. Finally, Barclays dropped their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.