Bunge Global SA (NYSE:BG) Position Trimmed by Leavell Investment Management Inc.

Leavell Investment Management Inc. trimmed its stake in Bunge Global SA (NYSE:BG) by 46.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,500 shares of the basic materials company’s stock after selling 3,900 shares during the quarter. Leavell Investment Management Inc.’s holdings in Bunge Global were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Entropy Technologies LP acquired a new stake in shares of Bunge Global during the 4th quarter valued at about $1,161,000. Empowered Funds LLC increased its stake in shares of Bunge Global by 30.2% during the 4th quarter. Empowered Funds LLC now owns 145,322 shares of the basic materials company’s stock worth $11,300,000 after purchasing an additional 33,677 shares during the last quarter. Lecap Asset Management Ltd. raised its holdings in shares of Bunge Global by 63.2% during the 4th quarter. Lecap Asset Management Ltd. now owns 21,982 shares of the basic materials company’s stock valued at $1,709,000 after purchasing an additional 8,510 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Bunge Global by 2.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,769 shares of the basic materials company’s stock valued at $1,226,000 after purchasing an additional 445 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Bunge Global by 68.9% in the fourth quarter. State of Alaska Department of Revenue now owns 41,919 shares of the basic materials company’s stock worth $3,258,000 after purchasing an additional 17,100 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Up 1.1 %

Shares of BG stock opened at $70.54 on Friday. The stock has a 50 day moving average of $77.63 and a 200-day moving average of $88.37. The firm has a market cap of $9.85 billion, a PE ratio of 8.73 and a beta of 0.69. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92.

Bunge Global (NYSE:BG) last posted its quarterly 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%. On average, equities analysts predict that Bunge Global SA will post 7.75 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on BG. Barclays cut their target price on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Stephens reduced their target price on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley lowered their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Bank of America reduced their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday. Four equities research 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. According to MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

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.