Forza Wealth Management LLC Sells 950 Shares of Bunge Global SA (NYSE:BG)

Forza Wealth Management LLC reduced its stake in Bunge Global SA (NYSE:BG) by 16.1% in the 1st quarter, Holdings Channel reports. The firm owned 4,940 shares of the basic materials company’s stock after selling 950 shares during the period. Forza Wealth Management LLC’s holdings in Bunge Global were worth $506,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P grew its position in shares of Bunge Global by 169.8% in the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 146 shares during the last quarter. NewSquare Capital LLC bought a new stake in Bunge Global during the 4th quarter valued at approximately $37,000. Rise Advisors LLC grew its holdings in Bunge Global by 40.6% in the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after buying an additional 117 shares during the last quarter. Riverview Trust Co bought a new position in Bunge Global in the 1st quarter worth approximately $46,000. Finally, Ramirez Asset Management Inc. acquired a new position in shares of Bunge Global during the third quarter worth approximately $54,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

NYSE:BG traded up $0.75 during mid-day trading on Monday, reaching $103.48. 1,246,220 shares of the company were exchanged, compared to its average volume of 1,759,586. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59. The stock has a market cap of $14.65 billion, a PE ratio of 8.33 and a beta of 0.64. The company has a quick ratio of 1.10, a current ratio of 1.99 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $99.74 and a 200 day moving average of $99.96.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 EPS for the quarter, beating the consensus estimate of $2.55 by $0.49. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The business had revenue of $13.42 billion for the quarter, compared to analysts’ expectations of $13.96 billion. During the same period in the prior year, the firm earned $3.26 earnings per share. Bunge Global’s revenue was down 12.5% compared to the same quarter last year. On average, research analysts anticipate that Bunge Global SA will post 9.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BG. Robert W. Baird lowered their price objective on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. HSBC upgraded shares of Bunge Global from a “hold” rating to a “buy” rating and decreased their target price for the company from $122.00 to $105.00 in a research report on Friday, February 9th. Barclays cut their price target on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday, January 23rd. Wolfe Research lowered Bunge Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 10th. Finally, Citigroup increased their price objective on Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.00.

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.