Bunge Global SA (NYSE:BG) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Bunge Global SA (NYSE:BG) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,345 shares of the basic materials company’s stock after selling 1,376 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Bunge Global were worth $3,063,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P boosted its stake in shares of Bunge Global by 169.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 146 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Bunge Global in the 1st quarter valued at $36,000. Rise Advisors LLC boosted its position in shares of Bunge Global by 40.6% in the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 117 shares during the period. First Manhattan CO. LLC. purchased a new position in Bunge Global in the 1st quarter worth about $48,000. Finally, Ramirez Asset Management Inc. acquired a new stake in Bunge Global during the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Roth Mkm dropped their target price on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Wolfe Research downgraded shares of Bunge Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 10th. HSBC raised shares of Bunge Global from a “hold” rating to a “buy” rating and cut their target price for the company from $122.00 to $105.00 in a research note on Friday, February 9th. Robert W. Baird cut 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. Finally, StockNews.com downgraded shares of Bunge Global from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $120.44.

Bunge Global Trading Up 1.4 %

Bunge Global stock opened at $105.42 on Thursday. The company’s fifty day simple moving average is $97.07 and its 200-day simple moving average is $99.86. The company has a quick ratio of 1.20, a current ratio of 2.13 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 stock has a market cap of $14.86 billion, a P/E ratio of 7.08 and a beta of 0.64.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, beating the consensus estimate 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 in the previous year, the company posted $3.24 EPS. Bunge Global’s revenue was down 10.3% on a year-over-year basis. As a group, sell-side analysts forecast that Bunge Global SA will post 9.36 EPS 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.