Edge Capital Group LLC Increases Stock Holdings in Bunge Global SA (NYSE:BG)

Edge Capital Group LLC grew its holdings in shares of Bunge Global SA (NYSE:BG) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,648 shares of the basic materials company’s stock after purchasing an additional 3,815 shares during the quarter. Edge Capital Group LLC owned approximately 0.07% of Bunge Global worth $10,639,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its position in Bunge Global by 52.3% in 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. grew its stake in shares of 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 acquiring an additional 200 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Bunge Global in the 2nd quarter worth approximately $40,000. Atlas Capital Advisors LLC increased its holdings in Bunge Global by 261.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 277 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in Bunge Global during the 1st quarter worth approximately $46,000. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup downgraded Bunge Global from a “buy” rating to a “neutral” rating and decreased their target price for the company 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 company’s stock. Based on data from MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Price Performance

Shares of BG opened at $98.80 on Friday. Bunge Global SA has a fifty-two week low of $86.10 and a fifty-two week high of $114.92. The company has a 50 day moving average price of $101.61 and a 200-day moving average price of $103.09. The stock has a market capitalization of $13.99 billion, a PE ratio of 7.95 and a beta of 0.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 2.03.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.06). Bunge Global had a return on equity of 14.84% and a net margin of 2.33%. The business had revenue of $13.24 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same period in the previous year, the business earned $3.72 EPS. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. Equities analysts predict that Bunge Global SA will post 9.3 earnings per share for the current fiscal 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.