Northern Trust Corp and
Crossmark Global Holdings Inc. sold significant quantities of
Bunge Global SA (BG) shares, while firms like
KBC Group NV,
NEOS Investment Management LLC, and others increased their stakes in the agribusiness giant. Amid the fluctuation in shares, funds like
Old West Investment Management LLC and
Envestnet Portfolio Solutions Inc. initiated new investments.
Bunge's Co-President of Agribusiness also made a notable sale of 20,000 shares. Despite these sales, institutional ownership remains high at 88%. BG announced consistent dividends of $0.68, while the stock's low P/E ratio is not eliciting excitement. Prospects appear favorable for Bunge in Brazil, evidenced by a joint renewable oils production facility with Solazyme. Bunge also acquired Argentina Seed Business Chacraservicios with Chevron. Earning top estimates but with sales dipping, BG continues to hold promise with a moderate buy recommendation from brokerages. It delivered exceptional returns over recent years, while consolidations offer potential buying opportunities. Bunge has named leaders for post Viterra merger operations and moved its incorporation to Switzerland, indicating strategic growth. The mixed scenario demands a balanced approach from investors.
Bunge Global Sa BG News Analytics from Fri, 12 Jun 2015 05:47:04 GMT to Sun, 09 Jun 2024 17:29:05 GMT -
Rating 5
- Innovation 7
- Information 9
- Rumor -2
