Old West Investment Management LLC Has $12.02 Million Stock Holdings in Bunge Global SA (NYSE:BG)

Old West Investment Management LLC boosted its position in Bunge Global SA (NYSE:BG) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 112,554 shares of the basic materials company’s stock after purchasing an additional 4,240 shares during the quarter. Bunge Global comprises 5.3% of Old West Investment Management LLC’s holdings, making the stock its 5th biggest position. Old West Investment Management LLC’s holdings in Bunge Global were worth $12,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SteelPeak Wealth LLC bought a new stake in shares of Bunge Global during the first quarter valued at approximately $2,137,000. Avantax Advisory Services Inc. acquired a new stake in Bunge Global in the 1st quarter valued at approximately $899,000. 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 acquiring an additional 77,844 shares in the last quarter. Bleakley Financial Group LLC boosted its position in Bunge Global by 17.9% during the 1st quarter. Bleakley Financial Group LLC now owns 41,422 shares of the basic materials company’s stock worth $4,247,000 after acquiring an additional 6,281 shares during the period. Finally, AdvisorNet Financial Inc boosted its position in Bunge Global by 22,962.5% during the 1st quarter. AdvisorNet Financial Inc now owns 7,380 shares of the basic materials company’s stock worth $757,000 after acquiring an additional 7,348 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Down 0.1 %

Shares of BG stock opened at $97.27 on Tuesday. 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 quick ratio of 0.97 and a current ratio of 2.03. The business’s fifty day moving average is $102.57 and its 200-day moving average is $102.97. The stock has a market cap of $13.77 billion, a PE ratio of 7.83 and a beta of 0.65.

Bunge Global (NYSE:BG) last announced its 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). Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The firm had revenue of $13.24 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the prior year, the business earned $3.72 EPS. The company’s quarterly revenue was down 12.0% compared to the same quarter last year. Equities analysts expect that Bunge Global SA will post 9.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered Bunge Global from a “buy” rating to a “neutral” rating and lowered 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 issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.