Bunge Global SA (NYSE:BG) Shares Sold by Fruth Investment Management

Fruth Investment Management lessened its stake in Bunge Global SA (NYSE:BG) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,216 shares of the basic materials company’s stock after selling 350 shares during the quarter. Fruth Investment Management’s holdings in Bunge Global were worth $2,116,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Spire Wealth Management bought a new stake in shares of Bunge Global during the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global during the third quarter valued at approximately $34,000. Farther Finance Advisors LLC raised its position in shares of Bunge Global by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 124 shares during the period. Crews Bank & Trust bought a new stake in shares of Bunge Global in the 4th quarter worth approximately $39,000. Finally, R Squared Ltd acquired a new position in Bunge Global during the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of NYSE BG opened at $69.82 on Thursday. The firm’s 50-day simple moving average is $80.13 and its 200 day simple moving average is $90.31. The stock has a market cap of $9.75 billion, a P/E ratio of 8.84 and a beta of 0.69. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. Bunge Global SA has a fifty-two week low of $69.73 and a fifty-two week high of $114.92.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 13.71% and a net margin of 2.11%. Equities analysts expect that Bunge Global SA will post 9.35 EPS for the current year.

Analysts Set New Price Targets

BG has been the topic of several analyst reports. Stephens dropped their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday. Barclays cut shares of Bunge Global from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $115.00 to $95.00 in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.83.

About Bunge Global

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.