Hennion & Walsh Asset Management Inc. Grows Stock Holdings in Bunge Global SA (NYSE:BG)

Hennion & Walsh Asset Management Inc. increased its stake in Bunge Global SA (NYSE:BG) by 7.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,879 shares of the basic materials company’s stock after buying an additional 278 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Bunge Global were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BG. Wilmington Savings Fund Society FSB purchased a new position in Bunge Global in the third quarter worth about $34,000. Farther Finance Advisors LLC increased its position in shares of Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 124 shares in the last quarter. UMB Bank n.a. raised its holdings in Bunge Global by 145.1% in the 3rd quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 386 shares during the last quarter. Blue Trust Inc. lifted its position in Bunge Global by 121.5% in the 3rd quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock valued at $70,000 after acquiring an additional 361 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its stake in Bunge Global by 31.0% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BG. Barclays cut Bunge Global from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $115.00 to $95.00 in a research note on Tuesday. Stephens raised Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.14.

Bunge Global Trading Down 1.1 %

Shares of NYSE:BG opened at $78.64 on Wednesday. The stock’s 50-day simple moving average is $82.85 and its two-hundred day simple moving average is $92.84. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 9.95 and a beta of 0.70. Bunge Global SA has a 52-week low of $75.75 and a 52-week high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07.

About Bunge Global

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.