Foster & Motley Inc. Acquires 7,636 Shares of Bunge Global SA (NYSE:BG)

Foster & Motley Inc. boosted its holdings in Bunge Global SA (NYSE:BG) by 21.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,928 shares of the basic materials company’s stock after buying an additional 7,636 shares during the period. Foster & Motley Inc.’s holdings in Bunge Global were worth $4,149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in shares of Bunge Global in the 2nd quarter valued at $28,000. Blue Trust Inc. increased its holdings in Bunge Global by 52.3% in the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Bunge Global by 185.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after buying an additional 200 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Bunge Global during the second quarter worth about $40,000. Finally, Atlas Capital Advisors LLC grew its position in shares of Bunge Global by 261.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after buying an additional 277 shares during the period. 86.23% of the stock is owned by institutional investors.

Bunge Global Trading Down 0.1 %

NYSE:BG opened at $84.73 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10. The business’s 50-day simple moving average is $95.02 and its 200-day simple moving average is $101.30. Bunge Global SA has a fifty-two week low of $82.18 and a fifty-two week high of $114.92. The stock has a market capitalization of $11.83 billion, a PE ratio of 10.73 and a beta of 0.67.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of Bunge Global from a “buy” rating to a “neutral” rating and cut their price target for the company from $125.00 to $114.00 in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

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.