Brooklyn Investment Group Makes New Investment in Bunge Global SA (NYSE:BG)

Brooklyn Investment Group purchased a new stake in Bunge Global SA (NYSE:BG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,016 shares of the basic materials company’s stock, valued at approximately $98,000.

A number of other hedge funds have also modified their holdings of the business. SG Americas Securities LLC grew its holdings in Bunge Global by 156.4% during the 2nd quarter. SG Americas Securities LLC now owns 193,467 shares of the basic materials company’s stock valued at $20,656,000 after buying an additional 117,998 shares during the last quarter. Janus Henderson Group PLC increased its position in Bunge Global by 13.3% during the 1st quarter. Janus Henderson Group PLC now owns 82,036 shares of the basic materials company’s stock worth $8,408,000 after purchasing an additional 9,648 shares in the last quarter. Xponance Inc. increased its position in Bunge Global by 39.0% during the 2nd quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock worth $4,606,000 after purchasing an additional 12,104 shares in the last quarter. AMG National Trust Bank acquired a new position in Bunge Global in the 2nd quarter valued at about $314,000. Finally, Cetera Investment Advisers lifted its holdings in Bunge Global by 273.1% in the 1st quarter. Cetera Investment Advisers now owns 18,699 shares of the basic materials company’s stock valued at $1,917,000 after purchasing an additional 13,687 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Bunge Global stock opened at $88.90 on Thursday. Bunge Global SA has a 1 year low of $82.18 and a 1 year high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The firm has a 50 day moving average price of $91.86 and a 200 day moving average price of $99.60. The company has a market cap of $12.41 billion, a price-to-earnings ratio of 11.25 and a beta of 0.67.

Wall Street Analyst Weigh In

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and cut their price objective for the company 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 assigned a buy rating to the stock. According to MarketBeat.com, Bunge Global currently has a consensus 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.