Bunge Global SA (NYSE:BG) Shares Purchased by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC grew its holdings in shares of Bunge Global SA (NYSE:BG) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,849 shares of the basic materials company’s stock after buying an additional 144 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Bunge Global were worth $2,305,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Altshuler Shaham Ltd purchased a new stake in Bunge Global during the 2nd quarter worth $28,000. Blue Trust Inc. lifted its stake in shares of Bunge Global by 52.3% during the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Bunge Global by 185.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after buying an additional 200 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Bunge Global in the second quarter valued at about $40,000. Finally, Atlas Capital Advisors LLC raised its holdings in shares of Bunge Global by 261.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock valued at $41,000 after buying an additional 277 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup cut Bunge Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock 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 issued a buy rating to the company. According to data from MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Price Performance

Shares of NYSE BG opened at $89.78 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.03 and a debt-to-equity ratio of 0.37. Bunge Global SA has a fifty-two week low of $86.10 and a fifty-two week high of $114.92. The business has a 50 day moving average price of $96.72 and a two-hundred day moving average price of $102.32. The firm has a market cap of $12.71 billion, a PE ratio of 7.23 and a beta of 0.64.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.06). The company 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 firm’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.72 EPS. Sell-side analysts expect that Bunge Global SA will post 9.3 earnings per share for the current fiscal 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.