Forsta AP Fonden Has $7.47 Million Position in Bunge Global SA (NYSE:BG)

Forsta AP Fonden increased its stake in shares of Bunge Global SA (NYSE:BG) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,000 shares of the basic materials company’s stock after purchasing an additional 500 shares during the quarter. Forsta AP Fonden owned approximately 0.07% of Bunge Global worth $7,465,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BG. R Squared Ltd bought a new stake in shares of Bunge Global during the fourth quarter worth $45,000. Orca Wealth Management LLC acquired a new position in Bunge Global in the 4th quarter worth about $1,238,000. Pacer Advisors Inc. raised its position in Bunge Global by 13,459.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock valued at $229,894,000 after purchasing an additional 2,934,656 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Bunge Global by 41.6% during the fourth quarter. Blue Trust Inc. now owns 932 shares of the basic materials company’s stock valued at $72,000 after purchasing an additional 274 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Bunge Global by 21.4% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 16,493 shares of the basic materials company’s stock worth $1,282,000 after purchasing an additional 2,907 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Down 0.7 %

NYSE:BG opened at $77.64 on Friday. Bunge Global SA has a 52 week low of $75.75 and a 52 week high of $114.92. The firm’s fifty day moving average is $81.30 and its 200-day moving average is $91.50. The firm has a market cap of $10.84 billion, a P/E ratio of 9.83 and a beta of 0.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07.

Analyst Ratings Changes

BG has been the subject of a number of research reports. Barclays lowered shares of Bunge Global from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $115.00 to $95.00 in a report on Tuesday, January 21st. Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average target price of $116.33.

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.