apricus wealth LLC Boosts Stock Position in Bunge Global SA (NYSE:BG)

apricus wealth LLC lifted its position in shares of Bunge Global SA (NYSE:BG) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,307 shares of the basic materials company’s stock after purchasing an additional 790 shares during the period. apricus wealth LLC’s holdings in Bunge Global were worth $2,059,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in Bunge Global by 26.5% in the second quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock worth $449,614,000 after buying an additional 883,127 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Bunge Global by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company’s stock worth $243,664,000 after buying an additional 121,080 shares in the last quarter. LSV Asset Management raised its stake in Bunge Global by 10.7% in the second quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock worth $225,629,000 after buying an additional 203,910 shares in the last quarter. AQR Capital Management LLC raised its stake in Bunge Global by 23.4% in the second quarter. AQR Capital Management LLC now owns 970,083 shares of the basic materials company’s stock worth $103,576,000 after buying an additional 184,245 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Bunge Global by 12,617.1% in the second quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock worth $94,557,000 after buying an additional 878,653 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Shares of BG opened at $90.22 on Friday. The company has a market capitalization of $12.77 billion, a P/E ratio of 7.26 and a beta of 0.64. The company has a quick ratio of 0.97, a current ratio of 2.03 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $96.85 and a 200 day moving average of $102.47. Bunge Global SA has a twelve month low of $86.10 and a twelve month high of $114.92.

Bunge Global (NYSE:BG) last announced 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 firm had revenue of $13.24 billion for the quarter, compared to the consensus estimate of $14.30 billion. Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. Bunge Global’s revenue was down 12.0% on a year-over-year basis. During the same period last year, the business earned $3.72 EPS. As a group, equities research analysts anticipate that Bunge Global SA will post 9.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup downgraded shares of Bunge Global from a “buy” rating to a “neutral” rating and decreased their price target 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 assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

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.