Dimensional Fund Advisors LP Acquires 121,080 Shares of Bunge Global SA (NYSE:BG)

Dimensional Fund Advisors LP boosted its holdings in shares of Bunge Global SA (NYSE:BG) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,282,006 shares of the basic materials company’s stock after buying an additional 121,080 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.61% of Bunge Global worth $243,664,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BG. Blue Trust Inc. boosted its holdings in shares of Bunge Global by 52.3% during the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 102 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in Bunge Global by 185.2% in 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 period. Ashton Thomas Private Wealth LLC bought a new position in Bunge Global during the 2nd quarter worth $40,000. Atlas Capital Advisors LLC lifted its holdings in shares of Bunge Global by 261.3% during the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after buying an additional 277 shares in the last quarter. Finally, Riverview Trust Co acquired a new stake in shares of Bunge Global during the first quarter worth $46,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Up 0.0 %

Shares of Bunge Global stock opened at $97.71 on Thursday. The company has a quick ratio of 0.97, a current ratio of 2.03 and a debt-to-equity ratio of 0.37. Bunge Global SA has a 12-month low of $86.10 and a 12-month high of $114.92. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 7.87 and a beta of 0.65. The firm’s 50-day moving average price is $102.33 and its two-hundred day moving average price is $103.00.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $14.30 billion. During the same period last year, the business earned $3.72 earnings per share. The business’s revenue was down 12.0% compared to the same quarter last year. On average, analysts forecast that Bunge Global SA will post 9.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.