Schonfeld Strategic Advisors LLC Sells 373 Shares of Bunge Global SA (NYSE:BG)

Schonfeld Strategic Advisors LLC decreased its stake in shares of Bunge Global SA (NYSE:BG) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,043 shares of the basic materials company’s stock after selling 373 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Bunge Global were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its holdings in shares of Bunge Global by 13,459.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock valued at $229,894,000 after purchasing an additional 2,934,656 shares in the last quarter. Norges Bank bought a new stake in shares of Bunge Global in the 4th quarter valued at about $148,857,000. Invesco Ltd. grew its position in shares of Bunge Global by 28.6% in the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company’s stock worth $249,349,000 after buying an additional 713,561 shares during the last quarter. FMR LLC grew its position in shares of Bunge Global by 25.3% in the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company’s stock worth $269,488,000 after buying an additional 699,889 shares during the last quarter. Finally, Amundi grew its position in shares of Bunge Global by 24.9% in the 4th quarter. Amundi now owns 2,457,864 shares of the basic materials company’s stock worth $190,476,000 after buying an additional 490,153 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

BG has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Barclays cut their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Bank of America cut their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Stephens cut their price objective on shares of Bunge Global from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Morgan Stanley decreased their price target on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Bunge Global currently has a consensus rating of “Hold” and a consensus target price of $81.60.

Bunge Global Stock Up 1.5%

NYSE:BG opened at $77.40 on Monday. The company has a market cap of $10.40 billion, a PE ratio of 9.58, a P/E/G ratio of 2.66 and a beta of 0.68. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $76.05 and its two-hundred day moving average is $78.77.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.54. The company had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $13.18 billion. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Bunge Global’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.04 EPS. Analysts anticipate that Bunge Global SA will post 7.94 EPS for the current 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.