Creative Planning increased its position in Bunge Global SA (NYSE:BG – Free Report) by 19.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,906 shares of the basic materials company’s stock after buying an additional 1,108 shares during the period. Creative Planning’s holdings in Bunge Global were worth $737,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in Bunge Global by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 170,355 shares of the basic materials company’s stock worth $18,189,000 after purchasing an additional 2,782 shares during the period. Millennium Management LLC boosted its position in Bunge Global by 12,617.1% during the second quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock worth $94,557,000 after purchasing an additional 878,653 shares during the period. APG Asset Management N.V. bought a new stake in Bunge Global during the second quarter worth approximately $1,116,000. AQR Capital Management LLC boosted its position in Bunge Global by 23.4% during the second quarter. AQR Capital Management LLC now owns 970,083 shares of the basic materials company’s stock worth $103,576,000 after purchasing an additional 184,245 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new stake in Bunge Global during the second quarter worth approximately $107,000. Institutional investors and hedge funds own 86.23% of the company’s stock.
Bunge Global Stock Up 0.9 %
Shares of BG stock opened at $96.97 on Friday. The stock has a market cap of $13.73 billion, a P/E ratio of 7.81 and a beta of 0.64. Bunge Global SA has a one year low of $86.10 and a one year high of $114.92. The stock has a fifty day moving average price of $97.60 and a 200 day moving average price of $103.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.03 and a quick ratio of 0.97.
Analysts Set New Price Targets
Separately, Citigroup cut Bunge Global from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $125.00 to $114.00 in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.
Get Our Latest Research Report on Bunge Global
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.
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