Harvest Fund Management Co. Ltd Purchases 115 Shares of Bunge Global SA (NYSE:BG)

Harvest Fund Management Co. Ltd increased its stake in Bunge Global SA (NYSE:BGFree Report) by 24.5% in the third quarter, Holdings Channel reports. The institutional investor owned 584 shares of the basic materials company’s stock after acquiring an additional 115 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Bunge Global were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Bunge Global by 0.8% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,539 shares of the basic materials company’s stock worth $1,183,000 after buying an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Bunge Global by 0.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,700 shares of the basic materials company’s stock worth $1,104,000 after buying an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Bunge Global by 45.3% in the third quarter. Massmutual Trust Co. FSB ADV now owns 337 shares of the basic materials company’s stock worth $36,000 after buying an additional 105 shares during the last quarter. CWM LLC increased its stake in Bunge Global by 7.1% in the second quarter. CWM LLC now owns 1,661 shares of the basic materials company’s stock worth $157,000 after purchasing an additional 110 shares during the period. Finally, M&T Bank Corp increased its stake in Bunge Global by 2.0% in the third quarter. M&T Bank Corp now owns 5,943 shares of the basic materials company’s stock worth $491,000 after purchasing an additional 114 shares during the period. 84.92% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $90.29 on Wednesday. The firm has a market cap of $13.12 billion, a P/E ratio of 6.99 and a beta of 0.61. The company has a current ratio of 2.02, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Bunge Global SA has a 12 month low of $87.86 and a 12 month high of $116.59. The stock’s fifty day moving average price is $100.38 and its 200-day moving average price is $105.72.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com assumed coverage on Bunge Global in a research note on Wednesday, November 8th. They issued a “buy” rating on the stock. Wolfe Research lowered Bunge Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 10th. The Goldman Sachs Group reduced their target price on Bunge Global from $160.00 to $141.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Robert W. Baird reduced their target price on Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. Finally, Barclays reduced their target price on Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.38.

Check Out Our Latest Stock Report on BG

About Bunge Global

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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