Compagnie Lombard Odier SCmA Reduces Stock Holdings in Bunge Global SA (NYSE:BG)

Compagnie Lombard Odier SCmA lowered its holdings in shares of Bunge Global SA (NYSE:BG) by 55.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,765 shares of the basic materials company’s stock after selling 2,200 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Bunge Global were worth $137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Spire Wealth Management bought a new position in Bunge Global in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global during the 3rd quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its holdings in Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 124 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Bunge Global in the fourth quarter worth approximately $39,000. Finally, R Squared Ltd purchased a new stake in shares of Bunge Global in the fourth quarter worth $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 company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.15. The firm has a fifty day moving average price of $77.63 and a 200 day moving average price of $88.37. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 8.73 and a beta of 0.69.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts expect that Bunge Global SA will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Bank of America reduced their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday. Morgan Stanley reduced their price objective on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday. Barclays reduced their price objective on shares of 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. Finally, Stephens reduced their price objective on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

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.