Mediolanum International Funds Ltd Boosts Stake in Bunge Global SA (NYSE:BG)

Mediolanum International Funds Ltd grew its stake in Bunge Global SA (NYSE:BG) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,403 shares of the basic materials company’s stock after acquiring an additional 4,560 shares during the quarter. Mediolanum International Funds Ltd owned about 0.05% of Bunge Global worth $5,400,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Creative Planning boosted its position in Bunge Global by 19.1% during the second quarter. Creative Planning now owns 6,906 shares of the basic materials company’s stock valued at $737,000 after purchasing an additional 1,108 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Bunge Global by 4.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,580 shares of the basic materials company’s stock valued at $2,197,000 after buying an additional 911 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Bunge Global by 2.1% during the second quarter. Cetera Investment Advisers now owns 19,101 shares of the basic materials company’s stock valued at $2,039,000 after buying an additional 402 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Bunge Global in the 2nd quarter valued at about $2,668,000. Finally, AMF Tjanstepension AB grew its position in shares of Bunge Global by 59.3% in the 3rd quarter. AMF Tjanstepension AB now owns 106,384 shares of the basic materials company’s stock worth $10,281,000 after buying an additional 39,600 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BG has been the subject of a number of analyst reports. Barclays cut shares of Bunge Global from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $115.00 to $95.00 in a research report on Tuesday, January 21st. Stephens upgraded 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and an average price target of $116.33.

Bunge Global Stock Down 2.0 %

NYSE:BG opened at $76.13 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. Bunge Global SA has a twelve month low of $75.72 and a twelve month high of $114.92. The company has a market cap of $10.63 billion, a PE ratio of 9.64 and a beta of 0.70. The company’s 50 day moving average is $81.07 and its two-hundred day moving average is $91.12.

Bunge Global Company 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.