Fractal Investments LLC Trims Stake in Bunge Global SA (NYSE:BG)

Fractal Investments LLC lowered its position in Bunge Global SA (NYSE:BG) by 57.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,400 shares of the basic materials company’s stock after selling 3,252 shares during the quarter. Fractal Investments LLC’s holdings in Bunge Global were worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Loomis Sayles & Co. L P raised its stake in shares of Bunge Global by 169.8% in the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 146 shares during the period. NewSquare Capital LLC bought a new position in shares of Bunge Global in the fourth quarter worth about $37,000. Rise Advisors LLC grew its holdings in shares of Bunge Global by 40.6% in 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 last quarter. Ramirez Asset Management Inc. bought a new position in shares of Bunge Global in the third quarter worth about $54,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Bunge Global by 24.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BG shares. Roth Mkm cut their price target on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Wolfe Research cut shares of Bunge Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 10th. StockNews.com cut shares of Bunge Global from a “buy” rating to a “hold” rating in a report on Monday, February 26th. BMO Capital Markets dropped their target price on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Finally, Citigroup increased their target price on shares of Bunge Global from $108.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.44.

Bunge Global Stock Down 3.5 %

Shares of NYSE:BG traded down $3.85 during trading on Wednesday, reaching $105.77. The stock had a trading volume of 3,629,808 shares, compared to its average volume of 1,767,683. Bunge Global SA has a one year low of $86.10 and a one year high of $116.59. The company has a market capitalization of $14.91 billion, a P/E ratio of 7.10 and a beta of 0.64. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $99.02 and its 200 day simple moving average is $99.98.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.89. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The business had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $14.96 billion. During the same period last year, the business earned $3.24 EPS. The company’s revenue was down 10.3% compared to the same quarter last year. As a group, research analysts expect that Bunge Global SA will post 9.26 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.