Kornitzer Capital Management Inc. KS Has $7.69 Million Holdings in Bunge Global SA (NYSE:BG)

Kornitzer Capital Management Inc. KS decreased its position in shares of Bunge Global SA (NYSE:BG) by 2.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 72,030 shares of the basic materials company’s stock after selling 1,625 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Bunge Global were worth $7,691,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Mather Group LLC. raised its holdings in shares of Bunge Global by 12.4% during the 2nd quarter. Mather Group LLC. now owns 843 shares of the basic materials company’s stock worth $86,000 after buying an additional 93 shares in the last quarter. RFG Advisory LLC raised its stake in Bunge Global by 3.9% during the first quarter. RFG Advisory LLC now owns 2,589 shares of the basic materials company’s stock worth $265,000 after acquiring an additional 96 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 102 shares in the last quarter. CWM LLC grew its holdings in shares of Bunge Global by 4.1% during the 1st quarter. CWM LLC now owns 2,778 shares of the basic materials company’s stock valued at $285,000 after purchasing an additional 110 shares during the last quarter. Finally, Czech National Bank increased its position in Bunge Global by 0.5% during the 1st quarter. Czech National Bank now owns 25,563 shares of the basic materials company’s stock worth $2,621,000 after purchasing an additional 116 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $125.00 to $114.00 in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Down 1.4 %

NYSE:BG opened at $98.79 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.03 and a quick ratio of 0.97. Bunge Global SA has a one year low of $86.10 and a one year high of $115.84. The firm’s 50 day simple moving average is $104.21 and its 200 day simple moving average is $102.64. The company has a market cap of $13.99 billion, a PE ratio of 7.95 and a beta of 0.67.

Bunge Global (NYSE:BG) last issued 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). The business had revenue of $13.24 billion for the quarter, compared to analyst estimates of $14.30 billion. Bunge Global had a return on equity of 14.84% and a net margin of 2.33%. Bunge Global’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.72 EPS. On average, research analysts anticipate that Bunge Global SA will post 9.3 earnings per share for the current 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.