Empowered Funds LLC Acquires 47,691 Shares of Bunge Global SA (NYSE:BG)

Empowered Funds LLC lifted its stake in Bunge Global SA (NYSE:BG) by 74.6% in the third quarter, Holdings Channel.com reports. The fund owned 111,645 shares of the basic materials company’s stock after purchasing an additional 47,691 shares during the period. Empowered Funds LLC’s holdings in Bunge Global were worth $10,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in BG. Altshuler Shaham Ltd purchased a new position in shares of Bunge Global during the second quarter worth about $28,000. Blue Trust Inc. grew 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 acquiring an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake 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 acquiring an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Bunge Global in the 2nd quarter worth approximately $40,000. Finally, Atlas Capital Advisors LLC lifted its holdings in shares of Bunge Global by 261.3% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $125.00 to $114.00 in a research report on Thursday, August 1st. Four equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Stock Up 2.9 %

Shares of NYSE BG opened at $90.60 on Friday. The firm’s fifty day moving average is $93.00 and its 200 day moving average is $100.34. Bunge Global SA has a 52 week low of $82.18 and a 52 week high of $114.92. 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 company has a market cap of $12.65 billion, a price-to-earnings ratio of 11.47 and a beta of 0.67.

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.