B. Riley Wealth Advisors Inc. Acquires Shares of 28,323 Bunge Global SA (NYSE:BG)

B. Riley Wealth Advisors Inc. bought a new position in shares of Bunge Global SA (NYSE:BG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,323 shares of the basic materials company’s stock, valued at approximately $3,024,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BG. Altshuler Shaham Ltd bought a new stake in Bunge Global during the 2nd quarter worth approximately $28,000. Blue Trust Inc. raised its position in Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after buying an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Bunge Global by 185.2% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Bunge Global during the 2nd quarter worth $40,000. Finally, Atlas Capital Advisors LLC grew its stake in shares of Bunge Global by 261.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of BG stock opened at $97.68 on Wednesday. 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 firm has a market cap of $13.83 billion, a price-to-earnings ratio of 7.86 and a beta of 0.65. Bunge Global SA has a 52 week low of $86.10 and a 52 week high of $114.92. The firm’s 50-day simple moving average is $99.52 and its two-hundred day simple moving average is $103.31.

Bunge Global (NYSE:BG) last posted its quarterly earnings results 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 company had revenue of $13.24 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period last year, the firm posted $3.72 EPS. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. As a group, equities analysts forecast that Bunge Global SA will post 9.3 earnings per share for the current year.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and dropped their price target for the company from $125.00 to $114.00 in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.