Bunge Global SA (NYSE:BG) Stake Lowered by Canal Capital Management LLC

Canal Capital Management LLC cut its stake in Bunge Global SA (NYSE:BG - Free Report) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,577 shares of the basic materials company's stock after selling 9,086 shares during the period. Canal Capital Management LLC's holdings in Bunge Global were worth $4,555,000 as of its most recent SEC filing.

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

Bunge Global Stock Up 0.2 %

NYSE BG traded up $0.19 during trading hours on Friday, reaching $80.99. 1,103,259 shares of the company traded hands, compared to its average volume of 1,568,718. The company has a 50 day moving average of $74.92 and a two-hundred day moving average of $80.00. The stock has a market capitalization of $10.85 billion, a PE ratio of 10.02, a PEG ratio of 2.66 and a beta of 0.59. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts' consensus estimates 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 expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BG has been the topic of several recent research reports. Stephens reduced their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Citigroup boosted their target price 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 lowered their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Bank of America cut their price objective 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. Finally, Barclays lowered their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.