Banque Cantonale Vaudoise Cuts Stock Holdings in Bunge Global SA (NYSE:BG)

Banque Cantonale Vaudoise cut its position in Bunge Global SA (NYSE:BGFree Report) by 45.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,577 shares of the basic materials company’s stock after selling 6,222 shares during the period. Banque Cantonale Vaudoise’s holdings in Bunge Global were worth $821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Country Trust Bank grew its stake in Bunge Global by 533.3% during the third quarter. Country Trust Bank now owns 304 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 256 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Bunge Global in the 1st quarter worth $36,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Bunge Global by 45.3% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 337 shares of the basic materials company’s stock worth $36,000 after buying an additional 105 shares in the last quarter. First Manhattan CO. LLC. purchased a new position in shares of Bunge Global in the 1st quarter worth $48,000. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Bunge Global by 24.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company’s stock worth $63,000 after buying an additional 115 shares in the last quarter. 84.92% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Shares of NYSE BG opened at $90.06 on Wednesday. Bunge Global SA has a 52 week low of $87.86 and a 52 week high of $116.59. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 6.97 and a beta of 0.62. The firm has a 50-day simple moving average of $98.48 and a 200-day simple moving average of $105.22. The company has a quick ratio of 1.10, a current ratio of 2.02 and a debt-to-equity ratio of 0.36.

Analyst Ratings Changes

BG has been the subject of a number of recent research reports. Roth Mkm dropped their price objective on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research note on Monday. Citigroup began coverage on shares of Bunge Global in a report on Thursday, February 1st. They issued a “buy” rating and a $108.00 target price for the company. The Goldman Sachs Group lowered their target price on shares of Bunge Global from $160.00 to $141.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. StockNews.com began coverage on shares of Bunge Global in a report on Wednesday, November 8th. They issued a “buy” rating for the company. Finally, Wolfe Research lowered shares of Bunge Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.22.

View Our Latest Stock Analysis on BG

About Bunge Global

(Free Report)

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.

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Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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