2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP trimmed its position in shares of Bunge Global SA ( NYSE:BG – Free Report ) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,772 shares of the basic materials company’s stock after selling 479 shares during the period.
DoubleLine ETF Adviser LP’s holdings in Bunge Global were worth $616,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also modified their holdings of the company. Mather Group LLC.
lifted its stake in Bunge Global by 12.4% during the 2nd quarter. Mather Group LLC.
now owns 843 shares of the basic materials company’s stock worth $86,000 after acquiring an additional 93 shares in the last quarter. RFG Advisory LLC boosted its stake in shares of Bunge Global by 3.9% in the first quarter.
RFG Advisory LLC now owns 2,589 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 96 shares during the period. Blue Trust Inc. boosted its stake 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 purchasing an additional 102 shares during the period.
CWM LLC grew its holdings in shares of Bunge Global by 4.1% in the first quarter. CWM LLC now owns 2,778 shares of the basic materials company’s stock valued at $285,000 after purchasing an additional 110 shares in the last quarter.
Finally, Ballentine Partners LLC increased its stake in Bunge Global by 2.0% during the 2nd quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock worth $615,000 after buying an additional 111 shares during the period.
86.23% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and decreased their price target for the company from $125.
00 to $114.00 in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock.
According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.
Bunge Global Stock Up 1.2 % Shares of Bunge Global stock opened at $95.85 on Friday.
Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $114.92.
The company has a 50 day moving average of $100.39 and a 200 day moving average of $103.12.
The company has a quick ratio of 0.97, a current ratio of 2.03 and a debt-to-equity ratio of 0.
37. The company has a market capitalization of $13.57 billion, a P/E ratio of 7.
72 and a beta of 0.65. Bunge Global ( NYSE:BG – Get Free Report ) last issued its earnings results on Wednesday, July 31st.
The basic materials company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.
06). The firm had revenue of $13.24 billion for the quarter, compared to analyst estimates of $14.
30 billion. Bunge Global had a return on equity of 14.84% and a net margin of 2.
33%. The business’s revenue for the quarter was down 12.0% on a year-over-year basis.
During the same quarter in the previous year, the firm posted $3.72 EPS. As a group, research analysts forecast that Bunge Global SA will post 9.
3 EPS for the current fiscal 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. See Also Five stocks we like better than Bunge Global How to Effectively Use the MarketBeat Ratings Screener Rocket Lab Stock Soars: Should Investors Chase the Rally? 3 Warren Buffett Stocks to Buy Now KB Home Slips After Earnings: What’s Next for Homebuilders? What is a support level? Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Receive News & Ratings for Bunge Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge Global and related companies with MarketBeat.com's FREE daily email newsletter .
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