Bunge Global SA (NYSE:BG) Stock Holdings Raised by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in Bunge Global SA (NYSE:BG) by 42.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,287 shares of the basic materials company’s stock after purchasing an additional 8,107 shares during the period. Crossmark Global Holdings Inc.’s holdings in Bunge Global were worth $2,122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in shares of Bunge Global by 40.1% in the 3rd 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. NorthCrest Asset Manangement LLC lifted its stake in Bunge Global by 0.6% during 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 last quarter. V Square Quantitative Management LLC lifted its stake in Bunge Global by 3.7% during the third quarter. V Square Quantitative Management LLC now owns 4,367 shares of the basic materials company’s stock valued at $422,000 after purchasing an additional 156 shares during the last quarter. Caprock Group LLC boosted its stake in shares of Bunge Global by 2.2% during the 3rd quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock worth $722,000 after acquiring an additional 164 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its holdings in shares of Bunge Global by 31.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $78.73 on Friday. The stock has a market cap of $10.99 billion, a PE ratio of 9.97 and a beta of 0.70. The business has a fifty day simple moving average of $82.49 and a 200-day simple moving average of $92.64. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12 month low of $75.75 and a 12 month high of $114.92.

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.