Inspire Investing LLC Has $1.08 Million Position in Bunge Global SA (NYSE:BG)

Inspire Investing LLC lifted its holdings in Bunge Global SA (NYSE:BG) by 20.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,896 shares of the basic materials company’s stock after purchasing an additional 2,343 shares during the quarter. Inspire Investing LLC’s holdings in Bunge Global were worth $1,081,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in Bunge Global in the third quarter valued at approximately $34,000. Farther Finance Advisors LLC raised 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 acquiring an additional 124 shares during the period. UMB Bank n.a. lifted its position in Bunge Global by 145.1% in the 3rd quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 386 shares in the last quarter. Blue Trust Inc. boosted its stake in Bunge Global by 121.5% in the 3rd quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 361 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its holdings in Bunge Global by 31.0% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 166 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BG. Stephens upgraded Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Barclays cut Bunge Global from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $115.00 to $95.00 in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.33.

Bunge Global Price Performance

Shares of NYSE BG opened at $78.73 on Friday. The business has a 50-day moving average of $82.49 and a 200-day moving average of $92.64. Bunge Global SA has a fifty-two week low of $75.75 and a fifty-two week high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 9.97 and a beta of 0.70.

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.