SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Invests $217,000 in Bunge Global SA $BG

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of Bunge Global SA (NYSE:BG) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,600 shares of the basic materials company’s stock, valued at approximately $217,000.

A number of other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of Bunge Global by 2.3% in the second quarter. Geode Capital Management LLC now owns 3,535,869 shares of the basic materials company’s stock valued at $282,683,000 after acquiring an additional 80,082 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Bunge Global by 34.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after purchasing an additional 859,733 shares during the period. Invesco Ltd. grew its holdings in Bunge Global by 3.8% during the 1st quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company’s stock valued at $254,446,000 after purchasing an additional 122,931 shares during the last quarter. LSV Asset Management raised its position in Bunge Global by 2.1% in the 2nd quarter. LSV Asset Management now owns 2,135,862 shares of the basic materials company’s stock worth $171,467,000 after purchasing an additional 43,343 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Bunge Global by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company’s stock worth $122,552,000 after purchasing an additional 101,586 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BG has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, October 8th. Stephens lifted their target price on Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. raised their price target on shares of Bunge Global from $107.00 to $109.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Morgan Stanley set a $95.00 price objective on shares of Bunge Global in a report on Monday, October 27th. Finally, Barclays upgraded shares of Bunge Global from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $105.00 to $120.00 in a research note on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $102.88.

Bunge Global Trading Down 3.2%

NYSE BG opened at $93.04 on Thursday. Bunge Global SA has a one year low of $67.40 and a one year high of $99.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. The company has a market capitalization of $17.99 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 8.28 and a beta of 0.76. The company’s 50-day simple moving average is $88.72 and its two-hundred day simple moving average is $83.00.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.04. The firm had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $22.46 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company’s quarterly revenue was up 71.6% on a year-over-year basis. During the same period last year, the firm earned $2.29 earnings per share. Equities analysts forecast that Bunge Global SA will post 7.94 EPS for the current fiscal year.

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.