Bunge Global SA (NYSE:BG) Stock Holdings Lifted by Metis Global Partners LLC

Metis Global Partners LLC lifted its position in Bunge Global SA (NYSE:BG) by 15.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,604 shares of the basic materials company’s stock after acquiring an additional 2,954 shares during the period. Metis Global Partners LLC’s holdings in Bunge Global were worth $2,088,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in shares of Bunge Global in the second quarter worth approximately $28,000. Blue Trust Inc. boosted its holdings in shares of Bunge Global by 52.3% during the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 102 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in shares of Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Bunge Global during the second quarter worth approximately $40,000. Finally, Atlas Capital Advisors LLC boosted its holdings in shares of Bunge Global by 261.3% during the second 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 period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Bunge Global Price Performance

NYSE BG opened at $90.60 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 has a market capitalization of $12.65 billion, a PE ratio of 11.47 and a beta of 0.67. The company has a 50 day moving average price of $93.00 and a two-hundred day moving average price of $100.34. Bunge Global SA has a 12-month low of $82.18 and a 12-month high of $114.92.

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.