Bunge Global SA $BG Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its stake in Bunge Global SA (NYSE:BG) by 62.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,867 shares of the basic materials company’s stock after selling 106,531 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Bunge Global were worth $5,047,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Cerity Partners LLC lifted its position in shares of Bunge Global by 6.8% in the first quarter. Cerity Partners LLC now owns 24,381 shares of the basic materials company’s stock valued at $1,863,000 after acquiring an additional 1,546 shares in the last quarter. CWM LLC raised its stake in Bunge Global by 385.9% in the 1st quarter. CWM LLC now owns 9,300 shares of the basic materials company’s stock valued at $711,000 after purchasing an additional 7,386 shares during the last quarter. Signaturefd LLC lifted its holdings in Bunge Global by 79.6% in the 1st quarter. Signaturefd LLC now owns 1,363 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 604 shares in the last quarter. Jennison Associates LLC lifted its holdings in Bunge Global by 6.3% in the 1st quarter. Jennison Associates LLC now owns 82,297 shares of the basic materials company’s stock valued at $6,289,000 after purchasing an additional 4,864 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Bunge Global during the 1st quarter worth $229,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Shares of BG stock opened at $94.10 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The company has a market capitalization of $18.20 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 8.28 and a beta of 0.76. The firm’s 50-day moving average is $88.27 and its two-hundred day moving average is $82.81. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $99.55.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.04. The business had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $22.46 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business’s revenue was up 71.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 EPS. Analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Morgan Stanley set a $95.00 target price on shares of Bunge Global in a research report on Monday, October 27th. Barclays raised shares of Bunge Global from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $105.00 to $120.00 in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, October 8th. BMO Capital Markets boosted their target price on Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, CICC Research increased their price target on Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.88.

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.