Cetera Investment Advisers Has $2.04 Million Stake in Bunge Global SA (NYSE:BG)

Cetera Investment Advisers lifted its holdings in shares of Bunge Global SA (NYSE:BG) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,101 shares of the basic materials company’s stock after buying an additional 402 shares during the quarter. Cetera Investment Advisers’ holdings in Bunge Global were worth $2,039,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in Bunge Global during the second quarter valued at approximately $28,000. Blue Trust Inc. lifted its stake in 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 buying an additional 102 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Bunge Global by 185.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Bunge Global in the second quarter worth $40,000. Finally, Atlas Capital Advisors LLC lifted its position in shares of Bunge Global by 261.3% in the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 277 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

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

Bunge Global Stock Performance

NYSE BG opened at $96.97 on Monday. The company has a current ratio of 2.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $97.60 and its two-hundred day moving average price is $103.20. Bunge Global SA has a 1 year low of $86.10 and a 1 year high of $114.92. The firm has a market capitalization of $13.73 billion, a P/E ratio of 7.81 and a beta of 0.64.

Bunge Global (NYSE:BG) last posted its quarterly 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 return on equity of 14.84% and a net margin of 2.33%. The firm had revenue of $13.24 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period last year, the company posted $3.72 earnings per share. The business’s revenue was down 12.0% compared to the same quarter last year. As a group, research analysts anticipate that Bunge Global SA will post 9.3 EPS 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.