Synovus Financial Corp Has $495,000 Position in Bunge Global SA (NYSE:BG)

Synovus Financial Corp lifted its stake in shares of Bunge Global SA (NYSE:BG) by 16.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,124 shares of the basic materials company’s stock after acquiring an additional 724 shares during the period. Synovus Financial Corp’s holdings in Bunge Global were worth $495,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BG. Altshuler Shaham Ltd acquired a new position in Bunge Global during the second quarter worth $28,000. Blue Trust Inc. raised its holdings in Bunge Global by 52.3% during the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after buying an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Bunge Global during the third quarter worth $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Bunge Global during the second quarter worth $40,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

NYSE BG opened at $81.29 on Wednesday. Bunge Global SA has a 1 year low of $79.40 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. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 10.29 and a beta of 0.68. The company has a fifty day moving average price of $88.30 and a 200-day moving average price of $97.64.

Wall Street Analysts Forecast Growth

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

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.