Bunge Global SA (NYSE:BG) Shares Purchased by Invera Wealth Advisors LLC

Invera Wealth Advisors LLC raised its position in Bunge Global SA (NYSE:BG) by 8.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,825 shares of the basic materials company’s stock after purchasing an additional 220 shares during the period. Invera Wealth Advisors LLC’s holdings in Bunge Global were worth $301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BG. Nilsine Partners LLC lifted its stake in shares of Bunge Global by 14.0% in the first quarter. Nilsine Partners LLC now owns 6,589 shares of the basic materials company’s stock worth $676,000 after buying an additional 810 shares in the last quarter. FCG Investment Co raised its holdings in Bunge Global by 21.5% in the 1st quarter. FCG Investment Co now owns 4,129 shares of the basic materials company’s stock valued at $423,000 after acquiring an additional 731 shares during the last quarter. Fruth Investment Management purchased a new position in Bunge Global in the 1st quarter worth approximately $2,877,000. Uncommon Cents Investing LLC lifted its stake in Bunge Global by 2.8% in the 1st quarter. Uncommon Cents Investing LLC now owns 33,560 shares of the basic materials company’s stock worth $3,441,000 after purchasing an additional 900 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of Bunge Global by 500.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,200 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Up 0.7 %

Shares of BG stock traded up $0.75 during trading hours on Monday, hitting $103.48. The company had a trading volume of 1,246,220 shares, compared to its average volume of 1,759,586. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.10. The stock has a market capitalization of $14.65 billion, a PE ratio of 8.33 and a beta of 0.64. The company’s fifty day moving average is $99.74 and its 200 day moving average is $99.96. Bunge Global SA has a fifty-two week low of $86.10 and a fifty-two week high of $116.59.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.49. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The company had revenue of $13.42 billion for the quarter, compared to analysts’ expectations of $13.96 billion. During the same period in the prior year, the firm earned $3.26 earnings per share. The firm’s revenue was down 12.5% compared to the same quarter last year. Research analysts expect that Bunge Global SA will post 9.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BG shares. Citigroup increased their price target on Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a report on Thursday. HSBC upgraded Bunge Global from a “hold” rating to a “buy” rating and reduced their price target for the stock from $122.00 to $105.00 in a report on Friday, February 9th. Roth Mkm cut their price objective on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Barclays decreased their target price on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, January 23rd. Finally, Robert W. Baird cut their price target on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $121.00.

About Bunge Global

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.