Crossmark Global Holdings Inc. Has $2.12 Million Stock Position in Bunge Global SA (NYSE:BG)

Crossmark Global Holdings Inc. boosted its position in shares of Bunge Global SA (NYSE:BG) by 42.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,287 shares of the basic materials company’s stock after purchasing an additional 8,107 shares during the period. Crossmark Global Holdings Inc.’s holdings in Bunge Global were worth $2,122,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BG. Envestnet Asset Management Inc. raised its holdings in Bunge Global by 17.9% during the second quarter. Envestnet Asset Management Inc. now owns 125,647 shares of the basic materials company’s stock valued at $13,415,000 after buying an additional 19,095 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Bunge Global by 24.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,085 shares of the basic materials company’s stock valued at $634,000 after buying an additional 1,215 shares in the last quarter. Sei Investments Co. raised its holdings in Bunge Global by 15.3% during the second quarter. Sei Investments Co. now owns 66,046 shares of the basic materials company’s stock valued at $7,051,000 after buying an additional 8,777 shares in the last quarter. ProShare Advisors LLC raised its holdings in Bunge Global by 10.5% during the second quarter. ProShare Advisors LLC now owns 36,224 shares of the basic materials company’s stock valued at $3,868,000 after buying an additional 3,455 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Bunge Global by 60.3% during the second quarter. Public Sector Pension Investment Board now owns 5,240 shares of the basic materials company’s stock valued at $559,000 after buying an additional 1,971 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Up 1.0 %

Shares of BG opened at $78.73 on Friday. 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’s 50-day moving average price is $82.49 and its 200 day moving average price is $92.64. The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 9.97 and a beta of 0.70. Bunge Global SA has a 12-month low of $75.75 and a 12-month high of $114.92.

Analyst Ratings Changes

Several equities analysts have weighed in on BG shares. Barclays lowered Bunge Global from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $115.00 to $95.00 in a report on Tuesday. Stephens upgraded Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average target price 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.