9,188 Shares in Bunge Global SA (NYSE:BG) Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. bought a new stake in Bunge Global SA (NYSE:BG) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 9,188 shares of the basic materials company’s stock, valued at approximately $888,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after buying an additional 500,897 shares during the period. Pacer Advisors Inc. grew its holdings in Bunge Global by 26.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock worth $449,614,000 after acquiring an additional 883,127 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bunge Global by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company’s stock worth $243,664,000 after purchasing an additional 121,080 shares in the last quarter. LSV Asset Management increased its holdings in Bunge Global by 10.7% in the second quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock valued at $225,629,000 after buying an additional 203,910 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Bunge Global by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company’s stock valued at $139,608,000 after buying an additional 50,615 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stephens raised Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Bunge Global Price Performance

Shares of NYSE BG opened at $85.50 on Tuesday. The stock has a 50 day moving average of $90.08 and a two-hundred day moving average of $98.59. The stock has a market cap of $11.94 billion, a P/E ratio of 10.82 and a beta of 0.68. Bunge Global SA has a twelve month low of $82.18 and a twelve month high of $114.92. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

Bunge Global Company 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.