Sage Capital Advisors llc Invests $522,000 in Bunge Global SA (NYSE:BG)

Sage Capital Advisors llc bought a new stake in Bunge Global SA (NYSE:BG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,401 shares of the basic materials company’s stock, valued at approximately $522,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its position 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 during the last quarter. RFG Advisory LLC increased its stake in Bunge Global by 3.9% in the 1st quarter. RFG Advisory LLC now owns 2,589 shares of the basic materials company’s stock valued at $265,000 after buying an additional 96 shares during the last quarter. Blue Trust Inc. lifted its position in Bunge Global by 52.3% during the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after buying an additional 102 shares in the last quarter. CWM LLC boosted its stake in shares of Bunge Global by 4.1% during the 1st quarter. CWM LLC now owns 2,778 shares of the basic materials company’s stock worth $285,000 after buying an additional 110 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of Bunge Global by 2.0% in the 2nd quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock valued at $615,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded 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 note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Bunge Global Stock Performance

BG opened at $98.23 on Wednesday. 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 12-month low of $86.10 and a 12-month high of $114.92. The business has a 50 day moving average of $97.95 and a 200-day moving average of $103.29. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of 7.91 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 the consensus estimate of $1.79 by ($0.06). The company had revenue of $13.24 billion during the quarter, compared to the consensus estimate of $14.30 billion. Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The firm’s revenue was down 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.72 earnings per share. On average, equities research analysts expect that Bunge Global SA will post 9.3 earnings per share 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.