B. Riley Wealth Advisors Inc. Has $2.90 Million Holdings in Bunge Global SA (NYSE:BG)

B. Riley Wealth Advisors Inc. lifted its stake in shares of Bunge Global SA (NYSE:BG) by 5.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 29,983 shares of the basic materials company’s stock after purchasing an additional 1,660 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Bunge Global were worth $2,898,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. increased 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 buying an additional 102 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Bunge Global by 2.0% during the second quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock worth $615,000 after buying an additional 111 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after buying an additional 124 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Bunge Global by 0.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,959 shares of the basic materials company’s stock worth $4,800,000 after buying an additional 130 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its holdings in Bunge Global by 0.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock valued at $2,305,000 after purchasing an additional 144 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

NYSE BG opened at $82.65 on Monday. 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 capitalization of $11.54 billion, a price-to-earnings ratio of 10.46 and a beta of 0.68. The stock has a fifty day simple moving average of $89.00 and a 200 day simple moving average of $98.00. Bunge Global SA has a twelve month low of $81.95 and a twelve month high of $114.92.

Analysts Set New Price Targets

Separately, Stephens upgraded Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.