Greenleaf Trust Lowers Stake in Bunge Global SA (NYSE:BG)

Greenleaf Trust cut its stake in Bunge Global SA (NYSE:BG) by 10.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,668 shares of the basic materials company’s stock after selling 449 shares during the quarter. Greenleaf Trust’s holdings in Bunge Global were worth $354,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Bunge Global in the second quarter valued at about $28,000. Blue Trust Inc. grew its position 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 buying an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Bunge Global by 185.2% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Bunge Global during the second quarter valued at approximately $40,000. Finally, Atlas Capital Advisors LLC boosted its stake in Bunge Global by 261.3% in the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 277 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Trading Down 0.5 %

Shares of Bunge Global stock opened at $89.78 on Friday. The firm’s 50 day simple moving average is $96.72 and its two-hundred day simple moving average is $102.36. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 7.23 and a beta of 0.64. Bunge Global SA has a 12-month low of $86.10 and a 12-month high of $114.92. The company has a current ratio of 2.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share (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 firm had revenue of $13.24 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same period in the previous year, the company earned $3.72 earnings per share. Bunge Global’s revenue was down 12.0% on a year-over-year basis. Analysts predict that Bunge Global SA will post 9.3 EPS for the current year.

Analysts Set New Price Targets

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

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.