Bunge Global SA (NYSE:BG) Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC lessened its holdings in shares of Bunge Global SA (NYSE:BG) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,621 shares of the basic materials company’s stock after selling 315 shares during the period. Evergreen Capital Management LLC’s holdings in Bunge Global were worth $3,483,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BG. SteelPeak Wealth LLC purchased a new position in shares of Bunge Global during the first quarter worth about $2,137,000. Avantax Advisory Services Inc. acquired a new position in Bunge Global during the first quarter worth approximately $899,000. Chevy Chase Trust Holdings LLC lifted its stake in Bunge Global by 2,975.7% in the first quarter. Chevy Chase Trust Holdings LLC now owns 80,460 shares of the basic materials company’s stock valued at $8,249,000 after buying an additional 77,844 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Bunge Global by 17.9% in the first quarter. Bleakley Financial Group LLC now owns 41,422 shares of the basic materials company’s stock valued at $4,247,000 after acquiring an additional 6,281 shares during the period. Finally, AdvisorNet Financial Inc grew its position in shares of Bunge Global by 22,962.5% during the first quarter. AdvisorNet Financial Inc now owns 7,380 shares of the basic materials company’s stock worth $757,000 after acquiring an additional 7,348 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

Bunge Global Price Performance

Shares of NYSE BG opened at $97.44 on Tuesday. The stock has a fifty day moving average price of $101.35 and a 200 day moving average price of $103.20. Bunge Global SA has a 1-year low of $86.10 and a 1-year high of $114.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.03 and a quick ratio of 0.97. The company has a market cap of $13.80 billion, a PE ratio of 7.85 and a beta of 0.65.

Bunge Global (NYSE:BG) last issued 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). Bunge Global had a return on equity of 14.84% and a net margin of 2.33%. The firm had revenue of $13.24 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same quarter last year, the firm earned $3.72 earnings per share. The company’s revenue was down 12.0% compared to the same quarter last year. Sell-side analysts forecast that Bunge Global SA will post 9.3 EPS for the current year.

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.