Vanguard Personalized Indexing Management LLC Purchases 3,701 Shares of Bunge Global SA (NYSE:BG)

Vanguard Personalized Indexing Management LLC lifted its position in shares of Bunge Global SA (NYSE:BG) by 28.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,799 shares of the basic materials company’s stock after purchasing an additional 3,701 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Bunge Global were worth $1,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. boosted its position in shares of Bunge Global by 12.4% during the second quarter. Mather Group LLC. now owns 843 shares of the basic materials company’s stock worth $86,000 after purchasing an additional 93 shares in the last quarter. RFG Advisory LLC lifted its position in Bunge Global by 3.9% in the 1st quarter. RFG Advisory LLC now owns 2,589 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 96 shares in the last quarter. Blue Trust Inc. lifted its position in Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 102 shares in the last quarter. CWM LLC lifted its position in Bunge Global by 4.1% in the 1st quarter. CWM LLC now owns 2,778 shares of the basic materials company’s stock valued at $285,000 after acquiring an additional 110 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in Bunge Global by 2.0% in the 2nd quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock valued at $615,000 after acquiring an additional 111 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Bunge Global Price Performance

NYSE:BG opened at $98.80 on Friday. The stock’s 50-day simple moving average is $101.61 and its 200 day simple moving average is $103.09. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $114.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 2.03. The company has a market cap of $13.99 billion, a P/E ratio of 7.95 and a beta of 0.65.

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 return on equity of 14.84% and a net margin of 2.33%. The company had revenue of $13.24 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter in the prior year, the company earned $3.72 EPS. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. As a group, sell-side analysts forecast that Bunge Global SA will post 9.3 EPS 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.