MidWestOne Financial Group Inc. Cuts Stock Position in Bunge Global SA (NYSE:BG)

MidWestOne Financial Group Inc. decreased its position in shares of Bunge Global SA (NYSE:BG) by 8.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,033 shares of the basic materials company’s stock after selling 1,741 shares during the period. MidWestOne Financial Group Inc.’s holdings in Bunge Global were worth $1,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Bunge Global by 52.3% during the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 102 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Bunge Global by 2.0% in the 2nd quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock valued at $615,000 after purchasing an additional 111 shares in the last quarter. Farther Finance Advisors LLC boosted its position in 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bunge Global by 0.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,959 shares of the basic materials company’s stock worth $4,800,000 after acquiring an additional 130 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its holdings in Bunge Global by 0.6% in 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 acquiring an additional 144 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens raised Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Performance

Shares of BG stock opened at $85.50 on Tuesday. 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 stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 10.82 and a beta of 0.68. Bunge Global SA has a one year low of $82.18 and a one year high of $114.92. The company’s 50-day simple moving average is $90.08 and its 200-day simple moving average is $98.59.

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.