LPL Financial LLC Lowers Holdings in Bunge Global SA (NYSE:BG)

LPL Financial LLC reduced its stake in shares of Bunge Global SA (NYSE:BG) by 53.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,882 shares of the basic materials company’s stock after selling 54,474 shares during the quarter. LPL Financial LLC’s holdings in Bunge Global were worth $3,646,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BG. Captrust Financial Advisors increased its holdings in shares of Bunge Global by 8.0% during the 3rd quarter. Captrust Financial Advisors now owns 4,116 shares of the basic materials company’s stock valued at $398,000 after purchasing an additional 304 shares in the last quarter. Wellington Management Group LLP increased its holdings in Bunge Global by 195.5% in the third quarter. Wellington Management Group LLP now owns 184,734 shares of the basic materials company’s stock valued at $17,853,000 after buying an additional 122,208 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Bunge Global by 398.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 11,584 shares of the basic materials company’s stock worth $1,135,000 after acquiring an additional 9,261 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Bunge Global by 10.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 6,683 shares of the basic materials company’s stock worth $646,000 after acquiring an additional 637 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Bunge Global by 13.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 48,549 shares of the basic materials company’s stock valued at $4,692,000 after acquiring an additional 5,676 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BG has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Stephens reduced their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Bank of America dropped their price target on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Barclays reduced their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Three 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Bunge Global Stock Performance

Shares of NYSE:BG opened at $73.19 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The firm has a market capitalization of $9.81 billion, a PE ratio of 9.06, a P/E/G ratio of 2.66 and a beta of 0.59. The business’s 50 day moving average price is $73.08 and its 200-day moving average price is $81.30.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. As a group, equities research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global 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.