2 weeks Ago By Defense World Staff
Prudential Financial Inc. trimmed its stake in shares of Bunge Global SA (NYSE:BG – Free Report) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 19,720 shares of the basic materials company’s stock after selling 1,765 shares during the quarter. Prudential Financial Inc.’s holdings in Bunge Global were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Bunge Global by 9.
5% in the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company’s stock worth $18,815,000 after purchasing an additional 20,942 shares during the last quarter.
Franklin Resources Inc. grew its stake in Bunge Global by 16.9% during the third quarter.
Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock worth $26,371,000 after buying an additional 39,646 shares during the last quarter. Hennion & Walsh Asset Management Inc.
increased its holdings in shares of Bunge Global by 7.7% during the fourth quarter. Hennion & Walsh Asset Management Inc.
now owns 3,879 shares of the basic materials company’s stock worth $302,000 after buying an additional 278 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Bunge Global by 39.
6% in the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock valued at $1,665,000 after acquiring an additional 6,077 shares during the last quarter.
Finally, iA Global Asset Management Inc. bought a new stake in Bunge Global during the 3rd quarter worth approximately $888,000. 86.
23% of the stock is owned by institutional investors and hedge funds. Bunge Global Trading Down 6.3 %Shares of BG opened at $73.
30 on Friday. The stock’s fifty day simple moving average is $73.69 and its 200-day simple moving average is $82.
28. The company has a quick ratio of 1.27, a current ratio of 2.
15 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $9.
82 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 2.66 and a beta of 0.
67. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.
92. Bunge Global (NYSE:BG – Get Free Report) last issued 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 net margin of 2.14% and a return on equity of 11.73%.
As a group, research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year. Wall Street Analysts Forecast GrowthSeveral equities analysts have issued reports on BG shares.
Stephens cut their price objective on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd.
Barclays cut their price target on 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 reduced their price target on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th.
Finally, Bank of America lowered 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 report on Tuesday, February 11th.
Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.
00.Check Out Our Latest Analysis on BGAbout Bunge Global (Free Report)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.Recommended StoriesFive stocks we like better than Bunge GlobalDifferences Between Momentum Investing and Long Term Investing Conagra Stock Could Thrive as Tariffs Hit Other SectorsShould You Invest in Penny Stocks?Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsStock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be ClosedSpotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Global SA (NYSE:BG – Free Report).
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