AdvisorShares Investments LLC Sells 584 Shares of Bunge Global SA $BG

AdvisorShares Investments LLC decreased its position in Bunge Global SA (NYSE:BG) by 9.1% during the 2nd quarter, Holdings Channel reports. The firm owned 5,816 shares of the basic materials company’s stock after selling 584 shares during the period. AdvisorShares Investments LLC’s holdings in Bunge Global were worth $467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BG. GAMMA Investing LLC grew its holdings in shares of Bunge Global by 152.1% in the first quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company’s stock worth $250,000 after purchasing an additional 1,976 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Bunge Global by 111.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,418 shares of the basic materials company’s stock worth $796,000 after purchasing an additional 5,486 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Bunge Global by 4.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,926 shares of the basic materials company’s stock worth $1,370,000 after purchasing an additional 710 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Bunge Global by 9.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,581 shares of the basic materials company’s stock worth $1,497,000 after purchasing an additional 1,646 shares during the last quarter. Finally, Keybank National Association OH grew its holdings in shares of Bunge Global by 12.5% in the first quarter. Keybank National Association OH now owns 16,176 shares of the basic materials company’s stock worth $1,236,000 after purchasing an additional 1,796 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $95.17 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $19.04 billion, a P/E ratio of 9.51, a P/E/G ratio of 8.28 and a beta of 0.66. The business has a fifty day simple moving average of $85.65 and a two-hundred day simple moving average of $81.41. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $99.55.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.19 by $0.12. The business had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.57 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 earnings per share. On average, equities analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

BG has been the subject of a number of research analyst reports. BMO Capital Markets raised their price target on Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. raised their price target on Bunge Global from $95.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Barclays raised their price target on Bunge Global from $85.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Morgan Stanley set a $95.00 price target on Bunge Global in a research note on Monday. Finally, Stephens raised their price target on Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $99.43.

Insider Buying and Selling

In other news, Director Christopher Mahoney acquired 5,000 shares of the stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the transaction, the director owned 7,164 shares of the company’s stock, valued at $585,513.72. This represents a 231.05% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

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.