Farther Finance Advisors LLC Has $42,000 Stake in Bunge Global SA (NYSE:BG)

Farther Finance Advisors LLC increased its position in Bunge Global SA (NYSE:BG) by 40.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 433 shares of the basic materials company’s stock after buying an additional 124 shares during the period. Farther Finance Advisors LLC’s holdings in Bunge Global were worth $42,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stephens Inc. AR boosted its stake in shares of Bunge Global by 6.5% during the 3rd quarter. Stephens Inc. AR now owns 130,286 shares of the basic materials company’s stock worth $12,591,000 after acquiring an additional 7,996 shares in the last quarter. Pinnacle Associates Ltd. bought a new stake in Bunge Global during the third quarter worth approximately $204,000. First Trust Direct Indexing L.P. grew its holdings in Bunge Global by 29.4% during the third quarter. First Trust Direct Indexing L.P. now owns 2,425 shares of the basic materials company’s stock valued at $234,000 after purchasing an additional 551 shares during the last quarter. Abich Financial Wealth Management LLC raised its position in shares of Bunge Global by 45.8% in the third quarter. Abich Financial Wealth Management LLC now owns 1,465 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 460 shares during the period. Finally, Cutter & CO Brokerage Inc. lifted its stake in shares of Bunge Global by 4.2% in the third quarter. Cutter & CO Brokerage Inc. now owns 7,951 shares of the basic materials company’s stock worth $768,000 after buying an additional 319 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 1.7 %

Shares of NYSE BG opened at $88.06 on Friday. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 11.15 and a beta of 0.67. Bunge Global SA has a twelve month low of $82.18 and a twelve month high of $114.92. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average is $93.15 and its 200-day moving average is $100.43.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of Bunge Global from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $125.00 to $114.00 in a report 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

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.