Brooklyn Investment Group Takes Position in Bunge Global SA (NYSE:BG)

Brooklyn Investment Group purchased a new position in shares of Bunge Global SA (NYSE:BG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,016 shares of the basic materials company’s stock, valued at approximately $98,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of Bunge Global in the 2nd quarter valued at approximately $28,000. Blue Trust Inc. grew 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. increased 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 buying an additional 200 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Bunge Global during the 2nd quarter worth $40,000. Finally, Atlas Capital Advisors LLC lifted its stake in shares of Bunge Global by 261.3% in 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 during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $125.00 to $114.00 in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and an average target price of $118.00.

Bunge Global Stock Performance

NYSE:BG opened at $88.90 on Thursday. 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 SA has a fifty-two week low of $82.18 and a fifty-two week high of $114.92. The firm’s fifty day simple moving average is $91.86 and its 200-day simple moving average is $99.60. The stock has a market cap of $12.41 billion, a PE ratio of 11.25 and a beta of 0.67.

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.