261,580 Bunge Global SA $BG Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its stake in shares of Bunge Global SA (NYSE:BG) by 13,854.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 263,468 shares of the basic materials company’s stock after acquiring an additional 261,580 shares during the period. Kestra Advisory Services LLC’s holdings in Bunge Global were worth $27,642,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Clark Wealth Partners boosted its position in shares of Bunge Global by 3,657.1% in the third quarter. Clark Wealth Partners now owns 263 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 256 shares during the last quarter. Provenance Wealth Advisors LLC acquired a new position in Bunge Global during the third quarter worth approximately $46,000. Ameritas Advisory Services LLC acquired a new position in Bunge Global during the second quarter worth approximately $50,000. Hilltop National Bank acquired a new position in Bunge Global during the second quarter worth approximately $63,000. Finally, Quest 10 Wealth Builders Inc. raised its stake in Bunge Global by 54.0% during the third quarter. Quest 10 Wealth Builders Inc. now owns 622 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 218 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on BG. JPMorgan Chase & Co. cut their target price on Bunge Global from $140.00 to $139.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. UBS Group upped their price target on Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. BMO Capital Markets restated an “outperform” rating and issued a $150.00 price objective on shares of Bunge Global in a report on Thursday, August 13th. Zacks Research downgraded Bunge Global from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. Finally, Weiss Ratings raised Bunge Global from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and an average target price of $132.38.

Bunge Global Stock Performance

Shares of BG stock opened at $99.14 on Friday. Bunge Global SA has a 12 month low of $88.24 and a 12 month high of $134.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.50 and a quick ratio of 0.65. The firm has a market capitalization of $19.05 billion, a P/E ratio of 16.66 and a beta of 0.70. The company’s fifty day moving average price is $109.12 and its two-hundred day moving average price is $116.71.

Bunge Global (NYSE:BG) last announced its earnings results on Thursday, October 29th. The basic materials company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.15. The company 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 company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $2.27 earnings per share. On average, research analysts anticipate that Bunge Global SA will post 9.63 earnings per share for the current fiscal year.

Bunge Global Profile

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.