Bunge Global SA (NYSE:BG) Stock Position Decreased by Game Creek Capital LP

Game Creek Capital LP decreased its position in Bunge Global SA (NYSE:BG - Free Report) by 38.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,375 shares of the basic materials company's stock after selling 3,375 shares during the quarter. Game Creek Capital LP's holdings in Bunge Global were worth $418,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BG. Barclays PLC boosted its stake in shares of Bunge Global by 17.2% during the 3rd quarter. Barclays PLC now owns 454,722 shares of the basic materials company's stock worth $43,945,000 after acquiring an additional 66,681 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Bunge Global during the third quarter valued at approximately $34,000. Franklin Resources Inc. raised its position in shares of Bunge Global by 16.9% in the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock valued at $26,371,000 after purchasing an additional 39,646 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Bunge Global by 2.7% in the third quarter. Principal Financial Group Inc. now owns 177,218 shares of the basic materials company's stock worth $17,126,000 after buying an additional 4,733 shares during the last quarter. Finally, Czech National Bank grew its stake in Bunge Global by 4.9% in the 4th quarter. Czech National Bank now owns 30,274 shares of the basic materials company's stock valued at $2,354,000 after buying an additional 1,419 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BG shares. Citigroup lifted their price target on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Bank of America dropped their price target on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Morgan Stanley reduced their target price 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. Barclays decreased their price objective on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Stephens decreased their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $81.60.

Bunge Global Stock Performance

BG opened at $77.40 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The business's 50-day simple moving average is $76.05 and its 200 day simple moving average is $78.92. The firm has a market capitalization of $10.37 billion, a PE ratio of 9.58, a PEG ratio of 2.66 and a beta of 0.68. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, topping 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 the consensus estimate of $13.18 billion. During the same quarter in the previous year, the business earned $3.04 earnings per share. The business's revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

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.

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