Bunge Global SA (NYSE:BG) Position Decreased by Cypress Capital Group

Cypress Capital Group decreased its holdings in shares of Bunge Global SA (NYSE:BG) by 32.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,832 shares of the basic materials company’s stock after selling 2,813 shares during the period. Cypress Capital Group’s holdings in Bunge Global were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BG. Pacer Advisors Inc. boosted its position in shares of Bunge Global by 13,459.9% during 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. Ilex Capital Partners UK LLP acquired a new position in shares of Bunge Global in the third quarter worth about $54,330,000. State Street Corp boosted its holdings in shares of Bunge Global by 7.6% in the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after buying an additional 500,897 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Bunge Global by 173.5% in the fourth quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company’s stock worth $23,537,000 after buying an additional 191,999 shares during the period. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Bunge Global by 1,585.3% in the third quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company’s stock worth $17,782,000 after buying an additional 173,082 shares during the period. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BG shares. Barclays decreased their target price on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Morgan Stanley decreased their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Bank of America decreased their price target on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Stephens decreased their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.00.

Bunge Global Stock Performance

BG stock opened at $71.72 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The stock has a market cap of $9.61 billion, a P/E ratio of 8.88, a P/E/G ratio of 2.66 and a beta of 0.69. The firm has a 50 day simple moving average of $75.42 and a 200 day simple moving average of $85.97. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Research analysts anticipate 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.