Chevy Chase Trust Holdings LLC Sells 82,059 Shares of Bunge Global SA (NYSE:BG)

Chevy Chase Trust Holdings LLC lowered its stake in Bunge Global SA (NYSE:BG - Free Report) by 96.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,616 shares of the basic materials company's stock after selling 82,059 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Bunge Global were worth $264,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BG. Vanguard Group Inc. lifted its holdings in Bunge Global by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,376,767 shares of the basic materials company's stock valued at $1,989,285,000 after acquiring an additional 60,660 shares during the last quarter. State Street Corp lifted its holdings in Bunge Global by 77.5% in the 1st quarter. State Street Corp now owns 6,814,463 shares of the basic materials company's stock valued at $650,918,000 after acquiring an additional 2,975,929 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Bunge Global by 59.8% in the 1st quarter. Geode Capital Management LLC now owns 3,100,158 shares of the basic materials company's stock valued at $295,462,000 after acquiring an additional 1,159,939 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Bunge Global by 28.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,942,342 shares of the basic materials company's stock valued at $318,509,000 after acquiring an additional 659,471 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Bunge Global by 2.8% in the 3rd quarter. Northern Trust Corp now owns 2,763,072 shares of the basic materials company's stock valued at $299,103,000 after acquiring an additional 75,936 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BMO Capital Markets cut their price objective on Bunge Global from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, February 8th. Barclays cut their price objective on Bunge Global from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Tuesday, January 23rd. Citigroup boosted their price objective on Bunge Global from $108.00 to $117.00 and gave the stock a "buy" rating in a report on Wednesday, April 3rd. StockNews.com downgraded Bunge Global from a "buy" rating to a "hold" rating in a report on Monday, February 26th. Finally, The Goldman Sachs Group cut their price objective on Bunge Global from $141.00 to $126.00 and set a "buy" rating on the stock in a report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.44.

Bunge Global Stock Down 1.6 %

Shares of BG traded down $1.72 during trading hours on Thursday, reaching $105.92. The company's stock had a trading volume of 1,218,017 shares, compared to its average volume of 1,749,334. The firm has a market cap of $14.93 billion, a price-to-earnings ratio of 7.23 and a beta of 0.64. Bunge Global SA has a 1-year low of $86.10 and a 1-year high of $116.59. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $95.56 and a two-hundred day moving average of $100.03.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.89. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. The firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.96 billion. During the same quarter in the prior year, the company posted $3.24 earnings per share. The firm's revenue was down 10.3% on a year-over-year basis. As a group, research analysts predict that Bunge Global SA will post 9.46 EPS for the current fiscal year.

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.