Orca Wealth Management LLC Acquires Shares of 15,926 Bunge Global SA (NYSE:BG)

Orca Wealth Management LLC purchased a new stake in shares of Bunge Global SA (NYSE:BG) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 15,926 shares of the basic materials company’s stock, valued at approximately $1,238,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global in the third quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its stake in Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 124 shares during the period. UMB Bank n.a. raised its holdings in Bunge Global by 145.1% in the third quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 386 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in shares of Bunge Global by 31.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 166 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Bunge Global by 121.5% in the 3rd quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 361 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Trading Down 1.8 %

Shares of NYSE:BG opened at $77.28 on Wednesday. The business has a 50-day moving average price of $81.72 and a 200-day moving average price of $91.69. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 9.78 and a beta of 0.70. Bunge Global SA has a 52-week low of $75.75 and a 52-week high of $114.92.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BG shares. Barclays downgraded Bunge Global from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $115.00 to $95.00 in a research note on Tuesday, January 21st. Stephens upgraded Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and a consensus price target of $116.33.

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.