Aldebaran Capital LLC trimmed its holdings in shares of Bunge Global SA (NYSE:BG – Free Report) by 28.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,612 shares of the basic materials company’s stock after selling 26,383 shares during the quarter. Bunge Global comprises about 6.6% of Aldebaran Capital LLC’s holdings, making the stock its 3rd largest position. Aldebaran Capital LLC’s holdings in Bunge Global were worth $8,600,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC lifted its position in Bunge Global by 23.5% during the first quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 85 shares during the last quarter. Allworth Financial LP grew its stake in Bunge Global by 10.4% in the 4th quarter. Allworth Financial LP now owns 1,039 shares of the basic materials company’s stock worth $93,000 after buying an additional 98 shares in the last quarter. Gould Asset Management LLC CA increased its holdings in shares of Bunge Global by 2.3% in the 1st quarter. Gould Asset Management LLC CA now owns 4,379 shares of the basic materials company’s stock worth $557,000 after buying an additional 99 shares during the last quarter. Optimize Financial Inc increased its holdings in shares of Bunge Global by 1.4% in the 4th quarter. Optimize Financial Inc now owns 7,194 shares of the basic materials company’s stock worth $641,000 after buying an additional 100 shares during the last quarter. Finally, Czech National Bank raised its position in shares of Bunge Global by 0.3% during the 4th quarter. Czech National Bank now owns 35,691 shares of the basic materials company’s stock valued at $3,179,000 after buying an additional 123 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.
Bunge Global Trading Down 0.1%
Shares of BG opened at $119.02 on Monday. The firm has a market cap of $23.09 billion, a price-to-earnings ratio of 27.74 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. Bunge Global SA has a fifty-two week low of $73.17 and a fifty-two week high of $134.87. The firm has a 50 day moving average price of $118.78 and a 200-day moving average price of $118.14.
Analysts Set New Price Targets
A number of analysts have recently issued reports on BG shares. Barclays lifted their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. BMO Capital Markets raised their price target on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.67.
View Our Latest Stock Analysis on BG
Bunge Global Profile
Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.
The company’s core business activities are organized into agribusiness and food & ingredients segments.
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