Bryce Point Capital LLC acquired a new position in shares of Bunge Global SA (NYSE:BG – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,585 shares of the basic materials company’s stock, valued at approximately $535,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CoreCap Advisors LLC increased its position in Bunge Global by 2,000.0% in the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 300 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Bunge Global in the 3rd quarter worth $28,000. Ameritas Advisory Services LLC purchased a new position in shares of Bunge Global in the 2nd quarter worth $29,000. CYBER HORNET ETFs LLC bought a new stake in shares of Bunge Global in the 2nd quarter worth about $31,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Bunge Global during the 2nd quarter valued at about $32,000. 86.23% of the stock is owned by hedge funds and other institutional investors.
Bunge Global Trading Up 2.4%
BG opened at $118.69 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.74 and a current ratio of 1.61. The stock’s 50 day moving average price is $100.50 and its 200-day moving average price is $91.67. Bunge Global SA has a one year low of $67.81 and a one year high of $121.64. The stock has a market cap of $22.95 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 0.74 and a beta of 0.78.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Bunge Global in a report on Thursday. Weiss Ratings upgraded Bunge Global from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Morgan Stanley lifted their target price on Bunge Global from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. CICC Research boosted their target price on Bunge Global from $90.00 to $110.00 in a research report on Friday, November 7th. Finally, UBS Group increased their price target on Bunge Global from $108.00 to $145.00 and gave the company a “buy” rating in a report on Thursday. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.
Get Our Latest Stock Analysis on BG
Insider Activity
In other news, VP Christos Dimopoulos sold 25,300 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $94.37, for a total value of $2,387,561.00. Following the transaction, the vice president directly owned 104,537 shares in the company, valued at approximately $9,865,156.69. This represents a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.
Bunge Global Company Profile
Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.
The company’s core business activities are organized into agribusiness and food & ingredients segments.
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