Virtu Financial LLC Buys Shares of 6,419 Bunge Global SA (NYSE:BG)

Virtu Financial LLC purchased a new position in shares of Bunge Global SA (NYSE:BG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,419 shares of the basic materials company’s stock, valued at approximately $620,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BG. Altshuler Shaham Ltd bought a new stake in shares of Bunge Global in the 2nd quarter valued at approximately $28,000. Blue Trust Inc. boosted its holdings in Bunge Global by 52.3% in the second 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 period. Farmers & Merchants Investments Inc. increased its stake 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 valued at $33,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Bunge Global during the second quarter worth $40,000. Finally, Atlas Capital Advisors LLC lifted its position in shares of Bunge Global by 261.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after buying an additional 277 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens raised shares of 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Stock Down 1.1 %

BG stock opened at $82.65 on Friday. The stock has a market cap of $11.54 billion, a PE ratio of 10.46 and a beta of 0.68. The firm’s 50-day simple moving average is $89.00 and its 200 day simple moving average is $98.05. Bunge Global SA has a fifty-two week low of $81.95 and a fifty-two week high of $114.92. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43.

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.