Bunge Global SA (NYSE:BG) Stock Holdings Decreased by Cetera Advisors LLC

Cetera Advisors LLC decreased its stake in shares of Bunge Global SA (NYSE:BG) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,369 shares of the basic materials company’s stock after selling 128 shares during the period. Cetera Advisors LLC’s holdings in Bunge Global were worth $550,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of BG. NewSquare Capital LLC bought a new position in shares of Bunge Global in the 4th quarter worth about $37,000. Riverview Trust Co acquired a new stake in shares of Bunge Global during the 1st quarter worth approximately $46,000. GAMMA Investing LLC bought a new stake in shares of Bunge Global in the 4th quarter worth approximately $62,000. Rise Advisors LLC boosted its position in Bunge Global by 56.8% during the 1st quarter. Rise Advisors LLC now owns 635 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 230 shares during the period. Finally, Mather Group LLC. bought a new position in Bunge Global during the 1st quarter worth $76,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

NYSE BG opened at $96.95 on Tuesday. The firm has a market capitalization of $13.73 billion, a PE ratio of 7.81 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.03 and a quick ratio of 1.10. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $115.84. The company’s 50 day simple moving average is $106.57 and its 200 day simple moving average is $101.67.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.06). Bunge Global had a return on equity of 14.84% and a net margin of 2.33%. The firm had revenue of $13.24 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the prior year, the firm posted $3.72 EPS. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. As a group, equities research analysts forecast that Bunge Global SA will post 9.4 EPS for the current fiscal year.

Insider Activity

In related news, insider Christos Dimopoulos sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 87,999 shares in the company, valued at $9,086,776.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of Bunge Global from a “buy” rating to a “neutral” rating and reduced their price target for the company from $125.00 to $114.00 in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.