Sumitomo Mitsui Trust Group Inc. and other investment firms
reduced their shares in
Bunge Global SA (BG), while others like
Entropy Technologies LP and Empowered Funds LLC increased their stake. Despite disappointing Q4 earnings causing a
drop in stock price and cut in price target by
HSBC and Stephens, Bunge Global still boasts strong institutional backing.
Lecap Asset Management Ltd. and abrdn plc also trimmed their stock positions, contributing to an increase in short interest. However, Bunge remains a top player in the agriculture sector. The company's $1.95B exchange offer attracted major investor backing with a 99% success rate. Analysts suggest the stock's weakness could be temporary given its
strong fundamentals. Furthermore, Bunge's shareholders are still up 73% over the last five years. Preparing for its Q4 earnings report, Bunge finds itself
undervalued, prompting some investors to increase their positions. Still reeling from weak Q4 profit due to
crush margins and warnings of geopolitical uncertainty, the company plans to expand its share buyback program to
$1.3B.
Bunge Global Sa BG News Analytics from Wed, 31 Jul 2024 07:00:00 GMT to Sat, 15 Feb 2025 17:03:50 GMT -
Rating -3
- Innovation -5
- Information 1
- Rumor -7
