AE Wealth Management LLC Sells 343 Shares of Bunge Global SA (NYSE:BG)

AE Wealth Management LLC trimmed its position in shares of Bunge Global SA (NYSE:BG) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,182 shares of the basic materials company’s stock after selling 343 shares during the period. AE Wealth Management LLC’s holdings in Bunge Global were worth $1,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of BG. Blue Trust Inc. grew its stake in shares of Bunge Global by 52.3% during the 2nd 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 position in Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Bunge Global in the second quarter worth about $40,000. Atlas Capital Advisors LLC grew its stake 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 valued at $41,000 after buying an additional 277 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in shares of Bunge Global in the first quarter valued at $46,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and reduced their price objective 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. According to MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average price target of $118.00.

Bunge Global Stock Performance

NYSE:BG opened at $97.44 on Tuesday. 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 SA has a fifty-two week low of $86.10 and a fifty-two week high of $114.92. The firm has a market cap of $13.80 billion, a PE ratio of 7.85 and a beta of 0.65. The business has a 50 day moving average price of $101.35 and a 200-day moving average price of $103.20.

Bunge Global (NYSE:BG) last announced its quarterly earnings results 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). The firm had revenue of $13.24 billion during the quarter, compared to the consensus estimate of $14.30 billion. Bunge Global had a return on equity of 14.84% and a net margin of 2.33%. Bunge Global’s revenue was down 12.0% on a year-over-year basis. During the same period last year, the business earned $3.72 EPS. Equities research analysts predict that Bunge Global SA will post 9.3 earnings per share for the current year.

Bunge Global Company 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.