Rockefeller Capital Management L.P. Sells 57,924 Shares of Bunge Global SA (NYSE:BG)

Rockefeller Capital Management L.P. trimmed its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 26.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,993 shares of the basic materials company's stock after selling 57,924 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.11% of Bunge Global worth $12,286,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. increased its stake in Bunge Global by 3.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock valued at $351,000 after acquiring an additional 170 shares during the last quarter. Deseret Mutual Benefit Administrators raised its stake in shares of Bunge Global by 25.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after acquiring an additional 178 shares during the last quarter. Allworth Financial LP grew its stake in shares of Bunge Global by 32.3% in the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after purchasing an additional 194 shares during the last quarter. Abbot Financial Management Inc. raised its position in Bunge Global by 0.9% during the 4th 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 last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of 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 during the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Down 0.4 %

Shares of Bunge Global stock traded down $0.35 during trading hours on Monday, reaching $78.62. The company's stock had a trading volume of 104,549 shares, compared to its average volume of 1,581,661. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The stock's fifty day simple moving average is $73.91 and its two-hundred day simple moving average is $80.38. The company has a market capitalization of $10.53 billion, a P/E ratio of 9.73, a P/E/G ratio of 2.66 and a beta of 0.59. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92.

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

Analysts Set New Price Targets

A number of brokerages have commented on BG. Barclays cut 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 report on Thursday, February 6th. Stephens cut their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. 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. Citigroup raised their price target 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. Finally, Morgan Stanley cut their price objective on shares of 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. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.