Impact Partnership Wealth LLC Grows Holdings in Bunge Global SA (NYSE:BG)

Impact Partnership Wealth LLC boosted its position in Bunge Global SA (NYSE:BG) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,553 shares of the basic materials company’s stock after acquiring an additional 411 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Bunge Global were worth $432,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BG. Wilmington Savings Fund Society FSB purchased a new position in Bunge Global in the third quarter valued at about $34,000. Farther Finance Advisors LLC raised its position 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 valued at $42,000 after purchasing an additional 124 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Bunge Global by 145.1% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock valued at $63,000 after buying an additional 386 shares during the last quarter. Deseret Mutual Benefit Administrators grew its position in shares of Bunge Global by 31.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock worth $68,000 after buying an additional 166 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Bunge Global by 121.5% in the third quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock worth $70,000 after buying an additional 361 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BG shares. Stephens raised shares of Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Barclays downgraded Bunge Global from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $115.00 to $95.00 in a research note on Tuesday. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and an average target price of $116.33.

Bunge Global Price Performance

BG opened at $77.16 on Friday. 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’s 50-day moving average price is $82.22 and its 200 day moving average price is $92.41. Bunge Global SA has a fifty-two week low of $75.75 and a fifty-two week high of $114.92. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 9.77 and a beta of 0.70.

About Bunge Global

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.