Avidian Wealth Enterprises LLC Sells 2,530 Shares of Bunge Global SA (NYSE:BG)

Avidian Wealth Enterprises LLC lessened its position in shares of Bunge Global SA (NYSE:BG) by 46.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,945 shares of the basic materials company’s stock after selling 2,530 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Bunge Global were worth $229,000 at the end of the most recent reporting period.

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

Bunge Global Price Performance

Shares of NYSE BG opened at $70.54 on Friday. The stock’s 50-day simple moving average is $77.63 and its two-hundred day simple moving average is $88.37. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The firm has a market capitalization of $9.85 billion, a P/E ratio of 8.73 and a beta of 0.69. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG) last posted 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 return on equity of 11.73% and a net margin of 2.14%. As a group, equities analysts anticipate that Bunge Global SA will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Morgan Stanley dropped their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Barclays cut their target price on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Stephens reduced their target price on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, Bank of America lowered their price target on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and an average target price of $93.00.

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.