Bunge Global SA (NYSE:BG) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC decreased its position in Bunge Global SA (NYSE:BGFree Report) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 571,433 shares of the basic materials company’s stock after selling 4,970 shares during the period. DAVENPORT & Co LLC’s holdings in Bunge Global were worth $57,785,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BG. Loomis Sayles & Co. L P raised its position in shares of Bunge Global by 169.8% during the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 146 shares during the period. Country Trust Bank raised its position in shares of Bunge Global by 533.3% during the third quarter. Country Trust Bank now owns 304 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 256 shares during the period. Pinnacle Holdings LLC acquired a new stake in shares of Bunge Global during the first quarter worth $36,000. Rise Advisors LLC raised its position in shares of Bunge Global by 40.6% during the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 117 shares during the period. Finally, First Manhattan CO. LLC. acquired a new stake in shares of Bunge Global during the first quarter worth $48,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

BG has been the topic of a number of recent analyst reports. Robert W. Baird cut their target price on Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. StockNews.com lowered Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Citigroup started coverage on Bunge Global in a research report on Thursday, February 1st. They set a “buy” rating and a $108.00 price target on the stock. Wolfe Research lowered Bunge Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 10th. Finally, Roth Mkm dropped their price target on Bunge Global from $161.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $119.44.

Get Our Latest Report on Bunge Global

Bunge Global Stock Up 1.6 %

NYSE BG traded up $1.61 on Tuesday, reaching $103.90. The stock had a trading volume of 1,515,209 shares, compared to its average volume of 1,809,091. The business has a 50 day moving average price of $93.48 and a 200 day moving average price of $100.21. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Bunge Global SA has a 1 year low of $86.10 and a 1 year high of $116.59. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 6.98 and a beta of 0.64.

Bunge Global (NYSE:BGGet Free Report) last issued its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, beating 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 previous year, the company posted $3.24 earnings per share. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, analysts forecast that Bunge Global SA will post 9.46 EPS for the current fiscal year.

Bunge Global Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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