Bunge Global SA (NYSE:BG) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC reduced its stake in shares of Bunge Global SA (NYSE:BG) by 49.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,465 shares of the basic materials company’s stock after selling 2,458 shares during the period. Perigon Wealth Management LLC’s holdings in Bunge Global were worth $249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Bunge Global by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,376,767 shares of the basic materials company’s stock worth $1,989,285,000 after acquiring an additional 60,660 shares in the last quarter. State Street Corp boosted its stake in shares of Bunge Global by 77.5% during the 1st quarter. State Street Corp now owns 6,814,463 shares of the basic materials company’s stock worth $650,918,000 after acquiring an additional 2,975,929 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Bunge Global by 59.8% during the 1st quarter. Geode Capital Management LLC now owns 3,100,158 shares of the basic materials company’s stock worth $295,462,000 after acquiring an additional 1,159,939 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Bunge Global by 28.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,942,342 shares of the basic materials company’s stock worth $318,509,000 after acquiring an additional 659,471 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Bunge Global by 2.8% during the 3rd quarter. Northern Trust Corp now owns 2,763,072 shares of the basic materials company’s stock worth $299,103,000 after acquiring an additional 75,936 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BG. Barclays lowered their target price on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 23rd. Robert W. Baird lowered their target price on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. The Goldman Sachs Group decreased their price target on shares of Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a research note on Tuesday, February 13th. BMO Capital Markets decreased their price target on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Finally, HSBC raised shares of Bunge Global from a “hold” rating to a “buy” rating and decreased their price target for the company from $122.00 to $105.00 in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and an average target price of $120.44.

Bunge Global Stock Up 1.4 %

BG stock opened at $105.42 on Thursday. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 7.08 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. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59. The firm has a 50-day moving average of $97.07 and a two-hundred day moving average of $99.86.

Bunge Global (NYSE:BG) last released its quarterly earnings data 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. The company had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.96 billion. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. Bunge Global’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.24 EPS. As a group, analysts forecast that Bunge Global SA will post 9.36 earnings per share for the current fiscal year.

About Bunge Global

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.