Foster & Motley Inc. Buys 7,636 Shares of Bunge Global SA (NYSE:BG)

Foster & Motley Inc. boosted its position in shares of Bunge Global SA (NYSE:BG) by 21.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,928 shares of the basic materials company’s stock after purchasing an additional 7,636 shares during the period. Foster & Motley Inc.’s holdings in Bunge Global were worth $4,149,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in shares of Bunge Global during the second quarter worth about $28,000. Blue Trust Inc. raised its position in Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after buying an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Bunge Global by 185.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Bunge Global during the 2nd quarter worth approximately $40,000. Finally, Atlas Capital Advisors LLC grew its stake in shares of Bunge Global by 261.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 277 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $125.00 to $114.00 in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Stock Down 0.1 %

BG stock opened at $84.73 on Wednesday. The company has a market cap of $11.83 billion, a price-to-earnings ratio of 10.73 and a beta of 0.67. Bunge Global SA has a twelve month low of $82.18 and a twelve month high of $114.92. The business has a 50 day moving average price of $95.02 and a two-hundred day moving average price of $101.30. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43.

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.