Greenwich Wealth Management LLC Has $5.06 Million Stock Position in Bunge Global SA (NYSE:BG)

Greenwich Wealth Management LLC lessened its stake in Bunge Global SA (NYSE:BG) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,400 shares of the basic materials company’s stock after selling 146 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Bunge Global were worth $5,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BG. Blue Trust Inc. increased its holdings in Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after buying an additional 102 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Bunge Global during the 2nd quarter worth $40,000. Atlas Capital Advisors LLC lifted its position in shares of Bunge Global by 261.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after buying an additional 277 shares during the last quarter. Finally, Riverview Trust Co bought a new position in Bunge Global in the first quarter valued at about $46,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of NYSE:BG opened at $97.38 on Monday. The firm has a market cap of $13.79 billion, a PE ratio of 7.84 and a beta of 0.65. Bunge Global SA has a 52 week low of $86.10 and a 52 week high of $115.84. The firm’s fifty day moving average is $102.83 and its 200-day moving average is $102.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 2.03.

Bunge Global (NYSE:BG) last issued its quarterly earnings results 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). The company had revenue of $13.24 billion during the quarter, compared to analyst estimates of $14.30 billion. Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.72 EPS. Sell-side analysts predict that Bunge Global SA will post 9.3 earnings per share 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 decreased their target price for the stock 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 given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.00.

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.