MidWestOne Financial Group Inc. Sells 804 Shares of Bunge Global SA (NYSE:BG)

MidWestOne Financial Group Inc. decreased its position in shares of Bunge Global SA (NYSE:BG) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,774 shares of the basic materials company’s stock after selling 804 shares during the period. MidWestOne Financial Group Inc.’s holdings in Bunge Global were worth $2,325,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of Bunge Global in the second quarter worth about $28,000. Blue Trust Inc. grew its holdings in Bunge Global by 52.3% during 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 in the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after buying an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Bunge Global in the second quarter worth $40,000. Finally, Atlas Capital Advisors LLC boosted its position in shares of Bunge Global by 261.3% during the second 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 during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 1.9 %

Shares of NYSE:BG opened at $97.71 on Friday. 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 business’s 50 day moving average is $100.11 and its 200 day moving average is $103.15. The stock has a market cap of $13.84 billion, a P/E ratio of 7.87 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.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 14.84% and a net margin of 2.33%. Bunge Global’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.72 EPS. Sell-side analysts predict that Bunge Global SA will post 9.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Bunge Global from a “buy” rating to a “neutral” rating and reduced their price target for the company from $125.00 to $114.00 in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.