Bunge Global SA (BG) has witnessed notable financial activities recently as highlighted across several pieces of news.
New York Life has reduced its stake in the company, while
Truist Financial Corp and asset managers like
Peregrine Asset Advisers Inc.,
Federated Hermes Inc.,
Svb Wealth LLC have increased their holdings. The company's Q1 results didn't meet expectations, but Q4 results surpassed estimates. Bunge's stock performance has been generally positive, delivering 105% return over the last five years, attracting a consensus recommendation of 'Moderate Buy.' The
agricultural sector company's earned a price target increase to $122.00 by Citigroup. However, with a recent dip, Bunge's stock is below its 200-day moving average. The
Viterra deal may lead to asset selling, attracting attention. Bunge has completed its move of incorporation to Switzerland, hinting at significant company shifts. Despite producing strong results, Bunge cautions investors of slower growth ahead, which could influence its market performance positively or negatively, requiring careful evaluation. A joint venture with Chevron for a new facility, robust leadership announcements post-Viterra merger, and strong fourth quarter results reflect its dynamic business activities. CEO compensation in 2023 witnessed a slight dip, with Gregory Heckman taking home $17.6 million versus $17.9 million in 2022.
Bunge Global Sa BG News Analytics from Tue, 05 Jul 2016 07:00:00 GMT to Tue, 07 May 2024 10:38:05 GMT -
Rating 4
- Innovation 6
- Information 7
- Rumor 3
