Bunge Global SA $BG Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its holdings in Bunge Global SA (NYSE:BG) by 58.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,834 shares of the basic materials company’s stock after selling 10,956 shares during the quarter. Park Avenue Securities LLC’s holdings in Bunge Global were worth $838,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Clark Wealth Partners grew its position in shares of Bunge Global by 3,657.1% during the 3rd quarter. Clark Wealth Partners now owns 263 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Bunge Global by 23.5% during the first quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 85 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Bunge Global during the second quarter worth approximately $50,000. Hilltop National Bank acquired a new stake in shares of Bunge Global in the second quarter valued at approximately $63,000. Finally, Mosley Wealth Management acquired a new stake in shares of Bunge Global in the third quarter valued at approximately $77,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 0.6%

Shares of BG opened at $94.80 on Wednesday. Bunge Global SA has a 52-week low of $88.24 and a 52-week high of $134.87. The business’s fifty day moving average is $109.96 and its 200-day moving average is $116.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.65 and a current ratio of 1.50. The firm has a market cap of $18.22 billion, a price-to-earnings ratio of 15.93 and a beta of 0.70.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Thursday, October 29th. The basic materials company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.15. Bunge Global had a return on equity of 9.34% and a net margin of 1.24%. The company had revenue of $23.80 billion during the quarter, compared to analysts’ expectations of $23.28 billion. During the same quarter in the previous year, the firm earned $2.27 EPS. Bunge Global’s revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that Bunge Global SA will post 9.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BG shares. Zacks Research cut Bunge Global from a “hold” rating to a “strong sell” rating in a research note on Friday, October 30th. Weiss Ratings upgraded Bunge Global from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Bunge Global in a report on Thursday, August 13th. JPMorgan Chase & Co. dropped their price objective on Bunge Global from $140.00 to $139.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Finally, UBS Group upped their target price on Bunge Global from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and an average target price of $129.89.

Bunge Global Profile

Bunge Global SA (NYSE: BG) is a global agribusiness and food company involved in sourcing, processing and distributing agricultural commodities. Its operations span the agricultural supply chain, connecting farmers with food, feed and fuel customers through a network of origination, storage, transportation and processing facilities.

The company processes oilseeds such as soybeans, canola and sunflower seeds into vegetable oils and protein meals used in cooking, packaged foods, animal feed and renewable fuels.