Swedbank AB Acquires 25,194 Shares of Bunge Global SA (NYSE:BG)

Swedbank AB lifted its holdings in Bunge Global SA (NYSE:BG) by 17.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 168,728 shares of the basic materials company’s stock after acquiring an additional 25,194 shares during the quarter. Swedbank AB owned 0.12% of Bunge Global worth $13,120,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 124 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of Bunge Global by 0.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock valued at $2,305,000 after acquiring an additional 144 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Bunge Global by 3.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 4,367 shares of the basic materials company’s stock valued at $422,000 after acquiring an additional 156 shares during the period. Caprock Group LLC grew its position in Bunge Global by 2.2% during the 3rd quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock worth $722,000 after acquiring an additional 164 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in Bunge Global by 31.0% in the third quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Down 2.0 %

Shares of NYSE BG opened at $76.13 on Friday. The firm has a fifty day simple moving average of $81.07 and a two-hundred day simple moving average of $91.26. The firm has a market capitalization of $10.63 billion, a PE ratio of 9.64 and a beta of 0.70. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12 month low of $75.72 and a 12 month high of $114.92.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BG. Barclays cut shares of Bunge Global from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $115.00 to $95.00 in a report on Tuesday, January 21st. Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Bunge Global presently has a consensus 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.