Bunge Global SA (NYSE:BG) Shares Bought by National Pension Service

National Pension Service increased its holdings in Bunge Global SA (NYSE:BG) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 310,617 shares of the basic materials company’s stock after purchasing an additional 4,995 shares during the period. National Pension Service’s holdings in Bunge Global were worth $30,018,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BG. Altshuler Shaham Ltd purchased a new stake in shares of Bunge Global during the second quarter valued at $28,000. Blue Trust Inc. lifted its stake in Bunge Global by 52.3% during the second 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 in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Bunge Global by 185.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after buying an additional 200 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Bunge Global in the second quarter worth about $40,000. Finally, Atlas Capital Advisors LLC increased its position in shares of Bunge Global by 261.3% in the second 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. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of BG opened at $86.81 on Friday. Bunge Global SA has a 52 week low of $82.18 and a 52 week high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The company has a market capitalization of $12.12 billion, a PE ratio of 10.99 and a beta of 0.67. The company’s 50 day moving average price is $94.43 and its 200 day moving average price is $101.09.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of Bunge Global from a “buy” rating to a “neutral” rating and reduced their price target for the company from $125.00 to $114.00 in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

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.