Bunge Global SA (NYSE:BG) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its holdings in shares of Bunge Global SA (NYSE:BG) by 10.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,683 shares of the basic materials company’s stock after buying an additional 637 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Bunge Global were worth $646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BG. Pacer Advisors Inc. increased its stake in shares of Bunge Global by 26.5% during the second quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock worth $449,614,000 after buying an additional 883,127 shares during the period. Millennium Management LLC raised its holdings in shares of Bunge Global by 12,617.1% in the 2nd quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock valued at $94,557,000 after purchasing an additional 878,653 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new stake in shares of Bunge Global during the 3rd quarter worth $54,330,000. State Street Corp grew its stake in shares of Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after purchasing an additional 500,897 shares in the last quarter. Finally, LSV Asset Management increased its holdings in Bunge Global by 10.7% in the second quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock valued at $225,629,000 after buying an additional 203,910 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens raised Bunge Global to a “strong-buy” rating in a 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 given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Performance

NYSE BG opened at $80.85 on Tuesday. The company has a fifty day moving average of $88.64 and a two-hundred day moving average of $97.82. The company has a market capitalization of $11.29 billion, a PE ratio of 10.23 and a beta of 0.68. Bunge Global SA has a 1 year low of $80.76 and a 1 year high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10.

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.