Guggenheim Capital LLC Cuts Holdings in Bunge Global SA (NYSE:BG)

Guggenheim Capital LLC trimmed its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,357 shares of the basic materials company's stock after selling 19,414 shares during the period. Guggenheim Capital LLC's holdings in Bunge Global were worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Barclays PLC lifted its position in shares of Bunge Global by 17.2% during the third 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 during the last quarter. Virtu Financial LLC purchased a new stake in Bunge Global during the third quarter valued at approximately $620,000. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global in the third quarter valued at approximately $34,000. Synovus Financial Corp grew its holdings in Bunge Global by 16.5% in the third quarter. Synovus Financial Corp now owns 5,124 shares of the basic materials company's stock worth $495,000 after purchasing an additional 724 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Bunge Global by 16.9% in the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock worth $26,371,000 after purchasing an additional 39,646 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Analyst Ratings Changes

BG has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Barclays lowered 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. Stephens cut their price objective on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley lowered their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Finally, 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 research report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.60.

Bunge Global Stock Performance

Shares of Bunge Global stock traded down $0.06 on Friday, reaching $80.74. 372,553 shares of the stock were exchanged, compared to its average volume of 1,567,878. The business has a 50 day moving average price of $74.70 and a two-hundred day moving average price of $80.12. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 2.66 and a beta of 0.59. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. 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 (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 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%. Analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global 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.