Atria Investments Inc Purchases 384 Shares of Bunge Global SA (NYSE:BG)

Atria Investments Inc lifted its stake in shares of Bunge Global SA (NYSE:BG) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,476 shares of the basic materials company’s stock after purchasing an additional 384 shares during the period. Atria Investments Inc’s holdings in Bunge Global were worth $1,206,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BG. Altshuler Shaham Ltd purchased a new position in Bunge Global in the 2nd quarter valued at approximately $28,000. Blue Trust Inc. grew its stake in Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after buying an additional 102 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in Bunge Global by 185.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Bunge Global during the 2nd quarter valued at $40,000. Finally, Atlas Capital Advisors LLC grew its position in shares of Bunge Global by 261.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

NYSE BG opened at $90.60 on Friday. Bunge Global SA has a 52-week low of $82.18 and a 52-week high of $114.92. 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 company has a market capitalization of $12.65 billion, a P/E ratio of 11.47 and a beta of 0.67. The company has a fifty day moving average of $93.00 and a 200-day moving average of $100.33.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and reduced their price target for the company from $125.00 to $114.00 in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

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.