Manatuck Hill Partners LLC Lowers Position in Bunge Global SA (NYSE:BG)

Manatuck Hill Partners LLC lessened its stake in Bunge Global SA (NYSE:BG - Free Report) by 39.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,000 shares of the basic materials company's stock after selling 16,100 shares during the quarter. Manatuck Hill Partners LLC's holdings in Bunge Global were worth $1,944,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Bunge Global by 3.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock worth $351,000 after purchasing an additional 170 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of Bunge Global by 25.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock worth $68,000 after buying an additional 178 shares in the last quarter. DoubleLine ETF Adviser LP raised 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 buying an additional 183 shares during the last quarter. Allworth Financial LP boosted its holdings in Bunge Global by 32.3% during the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after purchasing an additional 194 shares during the last quarter. Finally, Abbot Financial Management Inc. boosted its stake in shares of 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 worth $1,786,000 after buying an additional 205 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Trading Down 1.5 %

Bunge Global stock traded down $1.18 during trading hours on Wednesday, reaching $76.98. 1,233,199 shares of the company's stock were exchanged, compared to its average volume of 1,577,367. The firm has a market capitalization of $10.31 billion, a PE ratio of 9.51, 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 firm's 50 day simple moving average is $75.81 and its 200 day simple moving average is $79.11. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.27 by $0.54. The company had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $13.18 billion. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The company's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.04 EPS. Research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analyst Weigh In

BG has been the subject of a number of recent analyst reports. Bank of America decreased their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. 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 report on Tuesday, April 15th. Barclays cut 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 cut 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. Finally, Stephens decreased their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Three equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.60.

Bunge Global 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.