Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $1.28 Million Stake in Bunge Global SA (NYSE:BG)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Bunge Global SA (NYSE:BG) by 21.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,493 shares of the basic materials company’s stock after buying an additional 2,907 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Bunge Global were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Ilex Capital Partners UK LLP bought a new position in shares of Bunge Global in the 3rd quarter valued at approximately $54,330,000. State Street Corp raised its stake in shares of Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after acquiring an additional 500,897 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Bunge Global by 173.5% in the 4th quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company’s stock valued at $23,537,000 after acquiring an additional 191,999 shares in the last quarter. Mizuho Securities USA LLC raised its stake in shares of Bunge Global by 1,585.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company’s stock valued at $17,782,000 after acquiring an additional 173,082 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Bunge Global by 2,840.3% in the 3rd quarter. Victory Capital Management Inc. now owns 129,698 shares of the basic materials company’s stock valued at $12,534,000 after acquiring an additional 125,287 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on BG. Barclays downgraded Bunge Global from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $115.00 to $95.00 in a research report on Tuesday, January 21st. Stephens raised Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Three research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $116.33.

Bunge Global Stock Performance

BG opened at $77.28 on Wednesday. The stock has a market cap of $10.79 billion, a PE ratio of 9.78 and a beta of 0.70. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 1 year low of $75.75 and a 1 year high of $114.92. The stock’s 50 day simple moving average is $81.72 and its 200-day simple moving average is $91.69.

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.