Public Employees Retirement System of Ohio bought a new position in Bunge Global SA (NYSE:BG – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,849 shares of the basic materials company’s stock, valued at approximately $4,040,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Root Financial Partners LLC grew its position in Bunge Global by 23.5% during the 1st quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 85 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Bunge Global by 10.4% in the fourth quarter. Allworth Financial LP now owns 1,039 shares of the basic materials company’s stock worth $93,000 after buying an additional 98 shares in the last quarter. Gould Asset Management LLC CA grew its holdings in shares of Bunge Global by 2.3% during the first quarter. Gould Asset Management LLC CA now owns 4,379 shares of the basic materials company’s stock valued at $557,000 after buying an additional 99 shares during the last quarter. Optimize Financial Inc grew its holdings in shares of Bunge Global by 1.4% during the fourth quarter. Optimize Financial Inc now owns 7,194 shares of the basic materials company’s stock valued at $641,000 after buying an additional 100 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Bunge Global by 19.3% during the second quarter. CoreCap Advisors LLC now owns 747 shares of the basic materials company’s stock valued at $80,000 after acquiring an additional 121 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.
Bunge Global Trading Down 2.2%
NYSE:BG opened at $120.12 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. Bunge Global SA has a 12 month low of $76.01 and a 12 month high of $134.87. The company has a market cap of $23.08 billion, a PE ratio of 23.32 and a beta of 0.67. The company has a 50 day simple moving average of $113.43 and a two-hundred day simple moving average of $119.58.
Insider Transactions at Bunge Global
In other news, Director Christopher Mahoney purchased 5,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $105.53 per share, for a total transaction of $527,650.00. Following the purchase, the director directly owned 13,320 shares in the company, valued at $1,405,659.60. This trade represents a 60.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have commented on BG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Bunge Global in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $132.67.
View Our Latest Analysis on Bunge Global
Bunge Global Company Profile
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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