MQS Management LLC purchased a new stake in Bunge Global SA (NYSE:BG – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,364 shares of the basic materials company’s stock, valued at approximately $682,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Quest 10 Wealth Builders Inc. acquired a new stake in Bunge Global in the 4th quarter valued at about $27,000. Foster Dykema Cabot & Partners LLC acquired a new position in Bunge Global during the third quarter worth approximately $25,000. CYBER HORNET ETFs LLC bought a new stake in Bunge Global in the second quarter valued at approximately $31,000. MUFG Securities EMEA plc bought a new stake in Bunge Global in the second quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Bunge Global in the fourth quarter valued at approximately $35,000. Institutional investors own 86.23% of the company’s stock.
Bunge Global Stock Performance
Shares of NYSE BG opened at $106.58 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.69. The stock’s fifty day moving average price is $122.16 and its two-hundred day moving average price is $116.13. Bunge Global SA has a one year low of $71.60 and a one year high of $134.87. The firm has a market cap of $20.68 billion, a price-to-earnings ratio of 24.84 and a beta of 0.62.
Analyst Ratings Changes
BG has been the subject of several research analyst reports. Barclays lifted their target price on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. UBS Group reaffirmed a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. BMO Capital Markets upped their price objective on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Finally, HSBC increased their price objective on shares of Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.67.
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About Bunge Global
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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