Caisse DE Depot ET Placement DU Quebec Sells 58,448 Shares of Bunge Global SA (NYSE:BG)

Caisse DE Depot ET Placement DU Quebec trimmed its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 42.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,162 shares of the basic materials company's stock after selling 58,448 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.06% of Bunge Global worth $6,156,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Bunge Global by 3.9% in 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 during the last quarter. Deseret Mutual Benefit Administrators boosted its position in 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 acquiring an additional 178 shares during the period. Allworth Financial LP increased its holdings in shares of Bunge Global by 32.3% during the fourth 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 period. Abbot Financial Management Inc. lifted its holdings in Bunge Global by 0.9% in the fourth quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock worth $1,786,000 after purchasing an additional 205 shares during the period. Finally, Jones Financial Companies Lllp grew its position in Bunge Global by 15.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock valued at $129,000 after buying an additional 225 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup boosted their price target on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Morgan Stanley dropped their price target on 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 dropped their price target on shares of 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. Stephens cut their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, 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 report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.60.

Bunge Global Stock Performance

Shares of NYSE BG traded up $0.49 during trading hours on Tuesday, hitting $78.31. 2,458,260 shares of the company's stock were exchanged, compared to its average volume of 1,578,555. The company's 50-day moving average price is $75.81 and its 200-day moving average price is $79.11. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 2.66 and a beta of 0.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. On average, 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.