Bunge Global SA (NYSE:BG) Position Lessened by Symmetry Partners LLC

Symmetry Partners LLC lowered its position in Bunge Global SA (NYSE:BG) by 7.8% during the second quarter, HoldingsChannel.com reports. The firm owned 2,372 shares of the basic materials company’s stock after selling 200 shares during the quarter. Symmetry Partners LLC’s holdings in Bunge Global were worth $253,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. SteelPeak Wealth LLC bought a new stake in shares of Bunge Global during the 1st quarter worth $2,137,000. Avantax Advisory Services Inc. acquired a new position in shares of Bunge Global during the 1st quarter worth about $899,000. Cutter & CO Brokerage Inc. boosted its stake in Bunge Global by 1.8% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 9,305 shares of the basic materials company’s stock valued at $939,000 after purchasing an additional 165 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Bunge Global by 5.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,642 shares of the basic materials company’s stock worth $20,319,000 after acquiring an additional 10,891 shares during the period. Finally, Chevy Chase Trust Holdings LLC raised its stake in Bunge Global by 2,975.7% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 80,460 shares of the basic materials company’s stock valued at $8,249,000 after purchasing an additional 77,844 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Price Performance

NYSE BG traded down $0.51 on Friday, hitting $96.88. 1,576,278 shares of the company were exchanged, compared to its average volume of 1,549,879. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.37. The company has a market cap of $13.72 billion, a P/E ratio of 7.80 and a beta of 0.67. Bunge Global SA has a 1-year low of $86.10 and a 1-year high of $115.84. The firm has a 50 day moving average of $106.79 and a two-hundred day moving average of $101.45.

Bunge Global (NYSE:BG) last issued its 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 for 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 was down 12.0% on a year-over-year basis. On average, equities analysts predict that Bunge Global SA will post 9.4 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Bunge Global

In other news, insider Christos Dimopoulos sold 20,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $103.26, for a total transaction of $2,065,200.00. Following the completion of the transaction, the insider now directly owns 87,999 shares in the company, valued at approximately $9,086,776.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.60% of the company’s stock.

Bunge Global Company 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.