Swedbank AB increased its position in Bunge Global SA (NYSE:BG - Free Report) by 11.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,534 shares of the basic materials company's stock after buying an additional 15,241 shares during the period. Swedbank AB owned 0.10% of Bunge Global worth $13,871,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Polianta Ltd raised its stake in Bunge Global by 31.3% during the third quarter. Polianta Ltd now owns 13,000 shares of the basic materials company's stock valued at $1,256,000 after purchasing an additional 3,100 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Bunge Global during the 3rd quarter valued at about $1,167,000. Inspire Investing LLC lifted its holdings in shares of Bunge Global by 14.2% in the 3rd quarter. Inspire Investing LLC now owns 11,553 shares of the basic materials company's stock valued at $1,116,000 after acquiring an additional 1,438 shares during the last quarter. Gateway Investment Advisers LLC grew its position in Bunge Global by 0.4% in the third quarter. Gateway Investment Advisers LLC now owns 65,966 shares of the basic materials company's stock worth $6,375,000 after acquiring an additional 240 shares in the last quarter. Finally, Fiduciary Financial Group LLC increased its stake in Bunge Global by 9.1% during the third quarter. Fiduciary Financial Group LLC now owns 3,605 shares of the basic materials company's stock worth $354,000 after acquiring an additional 300 shares during the last quarter. 86.23% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Citigroup lowered Bunge Global from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $125.00 to $114.00 in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $118.00.
Read Our Latest Stock Report on Bunge Global
Bunge Global Trading Down 6.3 %
Shares of NYSE:BG traded down $6.05 during trading hours on Friday, hitting $89.55. 5,321,341 shares of the company's stock traded hands, compared to its average volume of 1,486,370. The firm has a market capitalization of $12.68 billion, a P/E ratio of 7.21 and a beta of 0.64. The business has a fifty day moving average price of $97.56 and a 200-day moving average price of $103.00. Bunge Global SA has a 1 year low of $86.10 and a 1 year high of $114.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.03 and a quick ratio of 0.97.
Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data 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). Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The business had revenue of $13.24 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period last year, the company earned $3.72 EPS. The business's revenue was down 12.0% compared to the same quarter last year. Equities analysts expect that Bunge Global SA will post 9.3 earnings per share for the current year.
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.
Further Reading
Before you consider Bunge Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bunge Global wasn't on the list.
While Bunge Global currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
