Forsta AP Fonden Has $9.23 Million Stock Holdings in Bunge Global SA (NYSE:BG)

Forsta AP Fonden raised its holdings in Bunge Global SA (NYSE:BG) by 23.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,500 shares of the basic materials company’s stock after buying an additional 18,200 shares during the period. Forsta AP Fonden owned about 0.07% of Bunge Global worth $9,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BG. Altshuler Shaham Ltd bought a new position in Bunge Global in the 2nd quarter valued at about $28,000. Blue Trust Inc. lifted 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 holdings in shares of Bunge Global by 185.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Bunge Global during the second quarter valued at approximately $40,000. Finally, Atlas Capital Advisors LLC grew its holdings in Bunge Global by 261.3% during the second 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 in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Trading Down 0.5 %

Shares of Bunge Global stock opened at $89.78 on Monday. The firm has a market cap of $12.71 billion, a PE ratio of 7.23 and a beta of 0.64. Bunge Global SA has a 1 year low of $86.10 and a 1 year high of $114.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.03 and a quick ratio of 0.97. The stock has a fifty day moving average price of $96.72 and a 200-day moving average price of $102.29.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.06). The company had revenue of $13.24 billion for the quarter, compared to analysts’ expectations of $14.30 billion. Bunge Global had a return on equity of 14.84% and a net margin of 2.33%. The business’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the business posted $3.72 EPS. Equities research analysts anticipate that Bunge Global SA will post 9.3 EPS for the current year.

Analyst Ratings Changes

Separately, Citigroup cut Bunge Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $125.00 to $114.00 in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

About Bunge Global

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.