3,551 Shares in Bunge Global SA (NYSE:BG) Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new stake in shares of Bunge Global SA (NYSE:BG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,551 shares of the basic materials company’s stock, valued at approximately $379,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in 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. raised its position in shares of Bunge Global by 185.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Bunge Global during the second quarter valued at $40,000. Atlas Capital Advisors LLC boosted its stake in Bunge Global by 261.3% during the second 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 during the period. Finally, Riverview Trust Co purchased a new position in Bunge Global during the first quarter worth about $46,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

BG opened at $97.38 on Friday. The stock has a market capitalization of $13.79 billion, a P/E ratio of 7.84 and a beta of 0.65. The company has a current ratio of 2.03, a quick ratio of 0.97 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 $115.84. The stock has a 50-day moving average price of $102.83 and a 200-day moving average price of $102.88.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.06). Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The company had revenue of $13.24 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter in the previous year, the firm posted $3.72 EPS. The business’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.

Analysts Set New Price Targets

Separately, Citigroup downgraded Bunge Global from a “buy” rating to a “neutral” rating and dropped 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 stock. According to data from MarketBeat.com, the company presently has a consensus 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.