CENTRAL TRUST Co Buys 17,040 Shares of Bunge Global SA $BG

CENTRAL TRUST Co grew its position in shares of Bunge Global SA (NYSE:BG) by 6,682.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,295 shares of the basic materials company’s stock after buying an additional 17,040 shares during the quarter. CENTRAL TRUST Co’s holdings in Bunge Global were worth $1,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in shares of Bunge Global in the 2nd quarter worth approximately $266,653,000. Robeco Institutional Asset Management B.V. raised its position in Bunge Global by 638.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,071,356 shares of the basic materials company’s stock worth $217,777,000 after acquiring an additional 1,790,978 shares during the period. Fifth Third Bancorp raised its position in Bunge Global by 20,301.4% in the third quarter. Fifth Third Bancorp now owns 995,794 shares of the basic materials company’s stock worth $104,469,000 after acquiring an additional 990,913 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Bunge Global by 3,204.4% during the 3rd quarter. Retirement Systems of Alabama now owns 942,823 shares of the basic materials company’s stock worth $98,970,000 after acquiring an additional 914,291 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in shares of Bunge Global by 2,644.2% during the 3rd quarter. Keybank National Association OH now owns 566,174 shares of the basic materials company’s stock worth $59,441,000 after acquiring an additional 545,542 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

NYSE:BG opened at $101.63 on Friday. The company has a market cap of $19.53 billion, a price-to-earnings ratio of 17.08 and a beta of 0.70. Bunge Global SA has a 1 year low of $88.24 and a 1 year high of $134.87. The stock’s 50 day simple moving average is $107.24 and its two-hundred day simple moving average is $116.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.50 and a quick ratio of 0.65.

Bunge Global (NYSE:BG) last posted its earnings results on Thursday, October 29th. The basic materials company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.15. The firm had revenue of $23.80 billion during the quarter, compared to the consensus estimate of $23.28 billion. Bunge Global had a return on equity of 9.34% and a net margin of 1.24%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. As a group, equities analysts anticipate that Bunge Global SA will post 9.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BG has been the topic of several analyst reports. Zacks Research lowered Bunge Global from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. UBS Group upped their price target on Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. JPMorgan Chase & Co. decreased their price objective on Bunge Global from $140.00 to $139.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Weiss Ratings cut Bunge Global from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Bunge Global in a research report on Thursday, August 13th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $132.38.

Bunge Global Company Profile

Bunge Global is an agribusiness and food company that connects farmers with customers around the world. Its activities include sourcing, storing, transporting and processing agricultural commodities, particularly oilseeds and grains. The company produces vegetable oils, protein meals, specialty fats and other ingredients used in food, animal feed and renewable fuel markets. It also provides grain and oilseed merchandising and related supply-chain services. Founded in 1818, Bunge expanded from its European origins into a global business.