Tredje AP fonden Invests $1.11 Million in Bunge Global SA $BG

Tredje AP fonden purchased a new stake in Bunge Global SA (NYSE:BG) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 13,818 shares of the basic materials company’s stock, valued at approximately $1,109,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cromwell Holdings LLC lifted its stake in Bunge Global by 4,175.0% in the 2nd quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock valued at $27,000 after buying an additional 334 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Bunge Global during the 2nd quarter worth approximately $29,000. Manchester Capital Management LLC grew its position in shares of Bunge Global by 588.5% in the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 359 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Bunge Global in the first quarter valued at approximately $38,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Bunge Global by 197.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company’s stock worth $39,000 after buying an additional 341 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Down 0.5%

Bunge Global stock opened at $94.15 on Tuesday. The company has a market capitalization of $18.84 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 8.28 and a beta of 0.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $99.55. The firm has a 50 day moving average price of $85.91 and a 200 day moving average price of $81.72.

Insider Buying and Selling

In other news, Director Christopher Mahoney purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were bought at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the purchase, the director directly owned 7,164 shares of the company’s stock, valued at approximately $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley set a $95.00 price objective on Bunge Global in a research report on Monday, October 27th. BMO Capital Markets lifted their price objective on Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. lifted their price objective on Bunge Global from $95.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research report on Wednesday, October 8th. Finally, Barclays lifted their price objective on Bunge Global from $85.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $99.43.

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.