Bunge Global SA (NYSE:BG) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lowered its holdings in Bunge Global SA (NYSE:BG) by 3.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,670 shares of the basic materials company’s stock after selling 364 shares during the period. Kentucky Retirement Systems’ holdings in Bunge Global were worth $1,139,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BG. Blue Trust Inc. grew its holdings in shares of Bunge Global by 52.3% in the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 102 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in 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 acquiring an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Bunge Global in the second quarter worth approximately $40,000. Atlas Capital Advisors LLC lifted its stake in Bunge Global by 261.3% in the second 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 during the last quarter. Finally, Riverview Trust Co purchased a new position in Bunge Global in the first quarter worth approximately $46,000. Institutional investors and hedge funds 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 decreased their price target for the stock from $125.00 to $114.00 in a research note 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Down 1.6 %

Shares of NYSE:BG opened at $98.80 on Friday. The company has a market capitalization of $13.99 billion, a PE ratio of 7.95 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 twelve month low of $86.10 and a twelve month high of $114.92. The firm has a 50 day simple moving average of $101.61 and a 200-day simple moving average of $103.09.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 EPS 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 business had revenue of $13.24 billion during the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter last year, the company earned $3.72 EPS. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. On average, equities analysts predict 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.