4,926 Shares in Bunge Global SA $BG Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors acquired a new position in shares of Bunge Global SA (NYSE:BG) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,926 shares of the basic materials company’s stock, valued at approximately $395,000.

A number of other institutional investors have also recently added to or reduced their stakes in BG. Waterfront Wealth Inc. grew its stake in shares of Bunge Global by 3.3% in the second quarter. Waterfront Wealth Inc. now owns 18,718 shares of the basic materials company’s stock worth $1,503,000 after purchasing an additional 601 shares in the last quarter. New York Life Investment Management LLC grew its stake in shares of Bunge Global by 2.4% in the second quarter. New York Life Investment Management LLC now owns 18,411 shares of the basic materials company’s stock worth $1,478,000 after purchasing an additional 425 shares in the last quarter. Howard Capital Management Inc. grew its stake in shares of Bunge Global by 1.6% in the second quarter. Howard Capital Management Inc. now owns 32,797 shares of the basic materials company’s stock worth $2,633,000 after purchasing an additional 505 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Bunge Global in the second quarter worth $7,417,000. Finally, Bessemer Group Inc. grew its stake in shares of Bunge Global by 86.0% in the second quarter. Bessemer Group Inc. now owns 1,438 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 665 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Christopher Mahoney bought 5,000 shares of Bunge Global stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of $81.73 per share, with a total value of $408,650.00. Following the completion of the acquisition, the director directly owned 7,164 shares in the company, valued at approximately $585,513.72. This trade represents a 231.05% increase in their position. 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 corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Stephens increased their price target on Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Zacks Research raised Bunge Global from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Barclays increased their price target on Bunge Global from $85.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. JPMorgan Chase & Co. increased their price target on Bunge Global from $95.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $99.43.

Bunge Global Trading Down 0.1%

Shares of BG stock opened at $93.90 on Wednesday. The stock has a 50-day simple moving average of $86.09 and a 200 day simple moving average of $81.82. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $99.55. The stock has a market capitalization of $18.78 billion, a P/E ratio of 9.38, a P/E/G ratio of 8.28 and a beta of 0.66. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59.

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.