Searle & CO. Increases Stock Holdings in Bunge Global SA (NYSE:BG)

Searle & CO. increased its holdings in shares of Bunge Global SA (NYSE:BG) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,384 shares of the basic materials company’s stock after buying an additional 334 shares during the period. Searle & CO.’s holdings in Bunge Global were worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 102 shares during the last quarter. Atlas Capital Advisors LLC increased its stake in shares of Bunge Global by 261.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 277 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Bunge Global in the 1st quarter worth $46,000. Versant Capital Management Inc acquired a new stake in shares of Bunge Global in the 2nd quarter worth $48,000. Finally, Gladius Capital Management LP acquired a new stake in shares of Bunge Global in the 2nd quarter worth $49,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup cut Bunge Global from a “buy” rating to a “neutral” rating and lowered their target price for the company from $125.00 to $114.00 in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Stock Up 0.3 %

Shares of BG traded up $0.32 during midday trading on Friday, hitting $101.38. The company had a trading volume of 1,218,797 shares, compared to its average volume of 1,496,336. The company’s 50-day simple moving average is $104.81 and its 200-day simple moving average is $102.36. 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 firm has a market capitalization of $14.35 billion, a P/E ratio of 8.16 and a beta of 0.67. Bunge Global SA has a 1 year low of $86.10 and a 1 year high of $115.84.

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

Bunge Global Company 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.