DekaBank Deutsche Girozentrale Sells 2,145 Shares of Bunge Global SA (NYSE:BG)

DekaBank Deutsche Girozentrale lowered its position in shares of Bunge Global SA (NYSE:BG) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,687 shares of the basic materials company’s stock after selling 2,145 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Bunge Global were worth $3,910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BG. Altshuler Shaham Ltd purchased a new stake in Bunge Global in the 2nd quarter worth $28,000. Blue Trust Inc. grew its holdings in Bunge Global by 52.3% during the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Bunge Global by 185.2% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Bunge Global during the 2nd quarter valued at about $40,000. Finally, Atlas Capital Advisors LLC grew its holdings in 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 purchasing an additional 277 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

NYSE:BG opened at $84.02 on Friday. The company’s 50-day moving average price is $96.23 and its 200-day moving average price is $101.95. 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 company has a market cap of $11.90 billion, a P/E ratio of 10.64 and a beta of 0.64. Bunge Global SA has a twelve month low of $83.84 and a twelve month high of $114.92.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.11. Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The firm had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.68 billion. On average, sell-side analysts forecast that Bunge Global SA will post 9.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and lowered 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’s stock. According to MarketBeat, the company 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.