Paloma Partners Management Co Acquires Shares of 2,811 Bunge Global SA (NYSE:BG)

Paloma Partners Management Co bought a new stake in shares of Bunge Global SA (NYSE:BG) in the third quarter, Holdings Channel reports. The firm bought 2,811 shares of the basic materials company’s stock, valued at approximately $272,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cetera Investment Advisers grew its stake in shares of Bunge Global by 273.1% in the 1st quarter. Cetera Investment Advisers now owns 18,699 shares of the basic materials company’s stock valued at $1,917,000 after buying an additional 13,687 shares in the last quarter. Mather Group LLC. grew its position in Bunge Global by 12.4% in the second quarter. Mather Group LLC. now owns 843 shares of the basic materials company’s stock worth $86,000 after acquiring an additional 93 shares in the last quarter. CWM LLC increased its stake in shares of Bunge Global by 8.7% during the 2nd quarter. CWM LLC now owns 3,020 shares of the basic materials company’s stock worth $322,000 after purchasing an additional 242 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Bunge Global during the 2nd quarter valued at $5,203,000. Finally, Sax Wealth Advisors LLC bought a new position in shares of Bunge Global during the 2nd quarter valued at $460,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Stephens raised shares of Bunge Global to a “strong-buy” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Down 0.4 %

Bunge Global stock opened at $86.19 on Friday. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 10.91 and a beta of 0.68. The firm has a fifty day moving average price of $90.77 and a two-hundred day moving average price of $98.99. Bunge Global SA has a fifty-two week low of $82.18 and a fifty-two week high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10.

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.