Bunge Global SA (NYSE:BG) Stock Position Decreased by Waterfront Wealth Inc.

Waterfront Wealth Inc. cut its stake in shares of Bunge Global SA (NYSE:BG) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,824 shares of the basic materials company’s stock after selling 116 shares during the quarter. Waterfront Wealth Inc.’s holdings in Bunge Global were worth $1,295,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Loomis Sayles & Co. L P boosted its position in shares of Bunge Global by 169.8% in the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after buying an additional 146 shares during the period. Pinnacle Holdings LLC acquired a new stake in shares of Bunge Global in the first quarter worth $36,000. Rise Advisors LLC raised its holdings in shares of Bunge Global by 40.6% during the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 117 shares in the last quarter. First Manhattan CO. LLC. purchased a new stake in shares of Bunge Global during the first quarter worth $48,000. Finally, Ramirez Asset Management Inc. purchased a new stake in shares of Bunge Global during the third quarter worth $54,000. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wolfe Research lowered Bunge Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 10th. BMO Capital Markets cut their price objective on Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Roth Mkm cut their price objective on Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a report on Monday, February 5th. The Goldman Sachs Group cut their target price on Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Finally, Robert W. Baird cut their target price on Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and a consensus price target of $120.44.

Bunge Global Stock Performance

Shares of Bunge Global stock traded up $1.47 during trading on Wednesday, reaching $105.42. The company’s stock had a trading volume of 2,028,550 shares, compared to its average volume of 1,735,036. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 2.13. The business’s fifty day moving average price is $97.07 and its 200-day moving average price is $99.86. The firm has a market cap of $14.86 billion, a price-to-earnings ratio of 7.08 and a beta of 0.64. Bunge Global SA has a one year low of $86.10 and a one year high of $116.59.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.89. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. The business had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.96 billion. During the same period last year, the business earned $3.24 earnings per share. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, equities research analysts predict that Bunge Global SA will post 9.36 earnings per share for the current 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.