Bunge Global SA (NYSE:BG) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Bunge Global SA (NYSE:BG) by 173.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 302,692 shares of the basic materials company’s stock after buying an additional 191,999 shares during the period. SG Americas Securities LLC’s holdings in Bunge Global were worth $23,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Xponance Inc. raised its stake in Bunge Global by 39.0% in the 2nd quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock valued at $4,606,000 after purchasing an additional 12,104 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Bunge Global by 16.9% in the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after buying an additional 39,646 shares during the last quarter. Swedbank AB lifted its stake in shares of Bunge Global by 11.9% in the third quarter. Swedbank AB now owns 143,534 shares of the basic materials company’s stock worth $13,871,000 after buying an additional 15,241 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in Bunge Global during the third quarter worth about $888,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Bunge Global by 7.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock valued at $302,000 after acquiring an additional 278 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Down 1.0 %

Shares of NYSE:BG opened at $77.88 on Thursday. The business has a 50-day moving average price of $82.67 and a 200 day moving average price of $92.74. Bunge Global SA has a 12-month low of $75.75 and a 12-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. The company has a market capitalization of $10.87 billion, a price-to-earnings ratio of 9.86 and a beta of 0.70.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BG. Stephens upgraded Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Barclays downgraded Bunge Global from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $115.00 to $95.00 in a research note on Tuesday. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.14.

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.