Bunge Global SA (NYSE:BG) Holdings Decreased by Mariner LLC

Mariner LLC cut its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 33.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,780 shares of the basic materials company's stock after selling 8,608 shares during the period. Mariner LLC's holdings in Bunge Global were worth $1,305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management acquired a new position in Bunge Global during the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global during the third quarter worth about $34,000. Crews Bank & Trust acquired a new position in Bunge Global in the fourth quarter worth about $39,000. R Squared Ltd bought a new stake in Bunge Global in the fourth quarter valued at about $45,000. Finally, Financial Perspectives Inc increased its holdings in Bunge Global by 585.0% in the fourth 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 last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

BG stock traded up $0.32 during mid-day trading on Thursday, reaching $79.04. The company had a trading volume of 292,555 shares, compared to its average volume of 1,563,878. The stock's 50-day simple moving average is $75.42 and its two-hundred day simple moving average is $79.66. The stock has a market capitalization of $10.59 billion, a P/E ratio of 9.79, a P/E/G ratio of 2.66 and a beta of 0.59. 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 SA has a one year low of $67.40 and a one year high of $114.92.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Stephens decreased their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Barclays decreased their price objective 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. Bank of America dropped their target price 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. Morgan Stanley reduced 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 research report on Tuesday, February 11th. Finally, Citigroup boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $85.60.

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.