Elo Mutual Pension Insurance Co acquired a new stake in shares of Bunge Global SA (NYSE:BG – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,596 shares of the basic materials company’s stock, valued at approximately $1,452,000.
A number of other hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. purchased a new position in Bunge Global during the fourth quarter worth about $233,000. Norges Bank purchased a new stake in Bunge Global in the fourth quarter valued at approximately $128,092,000. Wells Fargo & Company MN grew its holdings in Bunge Global by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 206,808 shares of the basic materials company’s stock valued at $20,877,000 after purchasing an additional 1,788 shares during the period. D.A. Davidson & CO. increased its position in Bunge Global by 6.8% during the fourth quarter. D.A. Davidson & CO. now owns 27,793 shares of the basic materials company’s stock worth $2,806,000 after purchasing an additional 1,780 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in Bunge Global by 72.9% during the fourth quarter. Corient Private Wealth LLC now owns 27,836 shares of the basic materials company’s stock worth $2,810,000 after purchasing an additional 11,739 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.
Bunge Global Trading Down 1.6 %
NYSE BG opened at $98.80 on Friday. The firm has a market capitalization of $13.99 billion, a price-to-earnings ratio of 7.95 and a beta of 0.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 2.03. Bunge Global SA has a one year low of $86.10 and a one year high of $114.92. The company’s 50 day moving average price is $101.85 and its 200 day moving average price is $102.95.
Analyst Ratings Changes
Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $125.00 to $114.00 in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.00.
Get Our Latest Stock Analysis on Bunge Global
Bunge Global 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.
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