Retirement Systems of Alabama and
New York Life Investment Management LLC have lowered their holdings in
Bunge Global SA (BG), while
Truist Financial Corp and
Federated Hermes Inc. have boosted theirs. Despite a Q1 2024 earnings call that didn't meet expectations, causing investors to remain cautious, the company's stock seems to be on a promising uptrend guided by strong financials.
Institutional owners, holding 88% of the company shares, could be gearing up for dramatic actions following a 4.7% drop in BG's stock. The company is seen to be a good investment in the
Agricultural sector with attractiveness in their
financial prospects. However, falling sales in Q4 are a source of concern, despite
earnings beating estimates. The company seems to be using its
debt sensibly and has delivered a significant 124% gain to those who invested five years ago.
Bunge's move to Switzerland and plans to build a new facility with Chevron are noteworthy highlights. Recent actions include a boost of holdings by
Nisa Investment Advisors LLC, while a considerable stake was reduced by a Bunge insider. Amid these events, Bunge's shares remained decently attractive.
Bunge Global Sa BG News Analytics from Fri, 12 Jun 2015 05:47:04 GMT to Wed, 08 May 2024 13:40:31 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -2
