Farther Finance Advisors LLC Buys 124 Shares of Bunge Global SA (NYSE:BG)

Farther Finance Advisors LLC boosted its position in shares of Bunge Global SA (NYSE:BG) by 40.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 433 shares of the basic materials company’s stock after purchasing an additional 124 shares during the period. Farther Finance Advisors LLC’s holdings in Bunge Global were worth $42,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BG. Altshuler Shaham Ltd bought a new stake in Bunge Global during the 2nd quarter worth about $28,000. Blue Trust Inc. boosted its position 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 purchasing an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Bunge Global in the second quarter valued at approximately $40,000. Finally, Atlas Capital Advisors LLC increased its position 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 purchasing an additional 277 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

Bunge Global Stock Performance

Shares of NYSE BG opened at $88.06 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $12.30 billion, a P/E ratio of 11.15 and a beta of 0.67. Bunge Global SA has a 12 month low of $82.18 and a 12 month high of $114.92. The stock has a 50 day moving average of $93.15 and a 200-day moving average of $100.43.

Bunge Global 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.