Voya Investment Management LLC Sells 5,206 Shares of Bunge Global SA (NYSE:BG)

Voya Investment Management LLC decreased its position in Bunge Global SA (NYSE:BG) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,075 shares of the basic materials company’s stock after selling 5,206 shares during the quarter. Voya Investment Management LLC’s holdings in Bunge Global were worth $3,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in Bunge Global by 13,459.9% in the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after purchasing an additional 2,934,656 shares in the last quarter. Norges Bank purchased a new position in shares of Bunge Global in the 4th quarter worth approximately $148,857,000. Invesco Ltd. grew its holdings in shares of Bunge Global by 28.6% in the fourth quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company’s stock valued at $249,349,000 after acquiring an additional 713,561 shares in the last quarter. FMR LLC increased its position in shares of Bunge Global by 25.3% during the fourth quarter. FMR LLC now owns 3,465,636 shares of the basic materials company’s stock valued at $269,488,000 after acquiring an additional 699,889 shares during the last quarter. Finally, Amundi lifted its holdings in Bunge Global by 24.9% during the fourth quarter. Amundi now owns 2,457,864 shares of the basic materials company’s stock worth $190,476,000 after acquiring an additional 490,153 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BG. Barclays reduced their price objective 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. Citigroup increased their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday, April 15th. Bank of America lowered their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Stephens reduced their target price on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Morgan Stanley lowered 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 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and an average price target of $85.60.

Bunge Global Price Performance

NYSE BG opened at $78.40 on Friday. 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 company has a market cap of $10.50 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The firm’s 50-day simple moving average is $75.52 and its two-hundred day simple moving average is $79.53.

Bunge Global (NYSE:BG) last announced 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 net margin of 2.14% and a return on equity of 11.73%. Research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Company 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.