Bunge Global SA (NYSE:BG) Shares Acquired by Atria Investments Inc

Atria Investments Inc boosted its stake in shares of Bunge Global SA (NYSE:BG) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,476 shares of the basic materials company’s stock after purchasing an additional 384 shares during the quarter. Atria Investments Inc’s holdings in Bunge Global were worth $1,206,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in BG. Mather Group LLC. raised its position in Bunge Global by 12.4% during the second quarter. Mather Group LLC. now owns 843 shares of the basic materials company’s stock valued at $86,000 after buying an additional 93 shares during the period. Blue Trust Inc. raised its holdings in Bunge Global by 52.3% in the 2nd 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 in the last quarter. Ballentine Partners LLC raised its holdings in Bunge Global by 2.0% in the 2nd quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock valued at $615,000 after acquiring an additional 111 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 124 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Bunge Global by 0.3% in the 2nd 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. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

NYSE BG opened at $90.60 on Friday. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 11.47 and a beta of 0.67. Bunge Global SA has a twelve month low of $82.18 and a twelve month high of $114.92. The stock has a fifty day simple moving average of $93.00 and a 200 day simple moving average of $100.33. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered 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 research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.