Capital International Inc. CA Sells 69,254 Shares of Bunge Global SA (NYSE:BG)

Capital International Inc. CA trimmed its holdings in Bunge Global SA (NYSE:BG - Free Report) by 60.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,847 shares of the basic materials company's stock after selling 69,254 shares during the quarter. Capital International Inc. CA's holdings in Bunge Global were worth $3,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BG. Barclays PLC raised its stake in shares of Bunge Global by 17.2% in the 3rd quarter. Barclays PLC now owns 454,722 shares of the basic materials company's stock valued at $43,945,000 after buying an additional 66,681 shares in the last quarter. Virtu Financial LLC bought a new position in Bunge Global during the third quarter worth about $620,000. Wilmington Savings Fund Society FSB bought a new position in Bunge Global during the third quarter worth about $34,000. Synovus Financial Corp boosted its holdings in Bunge Global by 16.5% during the third quarter. Synovus Financial Corp now owns 5,124 shares of the basic materials company's stock valued at $495,000 after purchasing an additional 724 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Bunge Global by 16.9% in the 3rd 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. 86.23% of the stock is owned by institutional investors.

Bunge Global Trading Up 0.2 %

BG traded up $0.19 during mid-day trading on Friday, reaching $80.99. The stock had a trading volume of 1,103,259 shares, compared to its average volume of 1,568,718. The firm's fifty day simple moving average is $74.92 and its two-hundred day simple moving average is $80.00. The stock has a market capitalization of $10.85 billion, a P/E ratio of 10.02, a P/E/G ratio of 2.66 and a beta of 0.59. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on BG shares. Bank of America reduced their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Stephens decreased their price objective on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Citigroup raised their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Morgan Stanley reduced their target price on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Finally, Barclays dropped their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Three 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 company. Based on data from MarketBeat, Bunge Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.60.

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.