Manatuck Hill Partners LLC Has $1.94 Million Holdings in Bunge Global SA (NYSE:BG)

Manatuck Hill Partners LLC lowered its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 39.2% during the fourth 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 period. Manatuck Hill Partners LLC's holdings in Bunge Global were worth $1,944,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Spire Wealth Management bought a new position in shares of Bunge Global during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bunge Global during the 3rd quarter worth approximately $34,000. Crews Bank & Trust bought a new stake in shares of Bunge Global in the 4th quarter worth approximately $39,000. R Squared Ltd acquired a new position in Bunge Global during the 4th quarter valued at approximately $45,000. Finally, Financial Perspectives Inc grew its stake in Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $53,000 after buying an additional 585 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BG shares. Barclays reduced their price target 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. Morgan Stanley decreased their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Citigroup lifted their price target on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Bank of America decreased their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Stephens reduced their price target on Bunge Global from $110.00 to $105.00 in a research report 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.60.

Bunge Global Price Performance

BG traded up $0.49 during trading on Tuesday, reaching $78.31. The stock had a trading volume of 2,414,587 shares, compared to its average volume of 1,574,821. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The stock has a 50 day moving average of $75.71 and a two-hundred day moving average of $79.12. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

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

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.