Bunge Global SA (NYSE:BG) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its stake in Bunge Global SA (NYSE:BG) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,826 shares of the basic materials company’s stock after acquiring an additional 716 shares during the period. Oppenheimer & Co. Inc.’s holdings in Bunge Global were worth $5,975,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in Bunge Global by 2,840.3% during the 3rd quarter. Victory Capital Management Inc. now owns 129,698 shares of the basic materials company’s stock valued at $12,534,000 after purchasing an additional 125,287 shares during the period. Aigen Investment Management LP acquired a new position in shares of Bunge Global during the third quarter valued at $468,000. GSA Capital Partners LLP grew its position in shares of Bunge Global by 38.2% during the third quarter. GSA Capital Partners LLP now owns 14,769 shares of the basic materials company’s stock worth $1,427,000 after acquiring an additional 4,084 shares during the last quarter. Versor Investments LP increased its holdings in shares of Bunge Global by 100.6% in the 3rd quarter. Versor Investments LP now owns 8,016 shares of the basic materials company’s stock worth $775,000 after acquiring an additional 4,020 shares during the period. Finally, Meixler Investment Management Ltd. bought a new stake in Bunge Global in the 3rd quarter valued at about $463,000. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Performance

Shares of BG opened at $88.06 on Friday. Bunge Global SA has a 52-week low of $82.18 and a 52-week high of $114.92. The firm has a market capitalization of $12.30 billion, a PE ratio of 11.15 and a beta of 0.67. The firm has a 50-day moving average price of $93.15 and a 200 day moving average price of $100.43. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $125.00 to $114.00 in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.