AMG National Trust Bank Makes New $314,000 Investment in Bunge Global SA (NYSE:BG)

AMG National Trust Bank acquired a new stake in Bunge Global SA (NYSE:BG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,945 shares of the basic materials company's stock, valued at approximately $314,000.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Bunge Global by 52.3% in the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company's stock valued at $30,000 after buying an additional 102 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of Bunge Global during the first quarter valued at $46,000. Versant Capital Management Inc acquired a new position in shares of Bunge Global in the 2nd quarter valued at $48,000. Gladius Capital Management LP purchased a new position in Bunge Global in the 2nd quarter worth about $49,000. Finally, GAMMA Investing LLC purchased a new position in Bunge Global in the 4th quarter worth about $62,000. Institutional investors own 86.23% of the company's stock.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of Bunge Global from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $125.00 to $114.00 in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Bunge Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

Bunge Global Stock Up 2.2 %

Shares of NYSE BG traded up $2.17 during mid-day trading on Friday, reaching $98.64. The company had a trading volume of 818,266 shares, compared to its average volume of 1,511,326. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of 7.94 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.10 and a current ratio of 2.03. The stock has a fifty day moving average of $105.06 and a two-hundred day moving average of $102.03. Bunge Global SA has a 12-month low of $86.10 and a 12-month high of $115.84.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.06). The company had revenue of $13.24 billion for the quarter, compared to analysts' expectations of $14.30 billion. Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The company's revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.72 earnings per share. As a group, equities research analysts expect that Bunge Global SA will post 9.4 EPS for the current year.

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.