Three Bridge Wealth Advisors LLC Buys 18,886 Shares of Bunge Global SA $BG

Three Bridge Wealth Advisors LLC purchased a new stake in Bunge Global SA (NYSE:BG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,886 shares of the basic materials company’s stock, valued at approximately $1,981,000.

A number of other hedge funds have also recently bought and sold shares of BG. Bank of New York Mellon Corp bought a new stake in shares of Bunge Global in the second quarter valued at about $266,653,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Bunge Global by 638.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,071,356 shares of the basic materials company’s stock worth $217,777,000 after acquiring an additional 1,790,978 shares during the period. Amundi boosted its stake in Bunge Global by 9.4% during the first quarter. Amundi now owns 1,186,039 shares of the basic materials company’s stock worth $150,853,000 after buying an additional 101,942 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Bunge Global by 3,204.4% during the 3rd quarter. Retirement Systems of Alabama now owns 942,823 shares of the basic materials company’s stock valued at $98,970,000 after acquiring an additional 914,291 shares in the last quarter. Finally, Keybank National Association OH increased its stake in Bunge Global by 2,644.2% in the third quarter. Keybank National Association OH now owns 566,174 shares of the basic materials company’s stock valued at $59,441,000 after acquiring an additional 545,542 shares during the period. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Up 1.0%

NYSE BG opened at $100.39 on Thursday. The stock’s 50 day simple moving average is $108.08 and its 200 day simple moving average is $116.52. Bunge Global SA has a one year low of $88.24 and a one year high of $134.87. The firm has a market cap of $19.29 billion, a PE ratio of 16.87 and a beta of 0.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.50 and a quick ratio of 0.65.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Thursday, October 29th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.15. The firm had revenue of $23.80 billion during the quarter, compared to the consensus estimate of $23.28 billion. Bunge Global had a return on equity of 9.34% and a net margin of 1.24%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 EPS. As a group, sell-side analysts forecast that Bunge Global SA will post 9.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BG has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of Bunge Global from $140.00 to $139.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. BMO Capital Markets restated an “outperform” rating and issued a $150.00 target price on shares of Bunge Global in a research note on Thursday, August 13th. UBS Group boosted their target price on shares of Bunge Global from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Zacks Research lowered shares of Bunge Global from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. Finally, Weiss Ratings cut shares of Bunge Global from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bunge Global currently has a consensus rating of “Moderate Buy” and an average price target of $132.38.

About Bunge Global

Bunge Global is an agribusiness and food company that connects farmers with customers around the world. Its activities include sourcing, storing, transporting and processing agricultural commodities, particularly oilseeds and grains. The company produces vegetable oils, protein meals, specialty fats and other ingredients used in food, animal feed and renewable fuel markets. It also provides grain and oilseed merchandising and related supply-chain services. Founded in 1818, Bunge expanded from its European origins into a global business.