Caprock Group LLC Has $473,000 Stock Position in Bunge Global SA (NYSE:BG)

Caprock Group LLC lowered its stake in Bunge Global SA (NYSE:BG) by 18.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,086 shares of the basic materials company’s stock after selling 1,386 shares during the period. Caprock Group LLC’s holdings in Bunge Global were worth $473,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Bunge Global in the 3rd quarter valued at about $34,000. Crews Bank & Trust acquired a new position in Bunge Global in the 4th quarter valued at about $39,000. Farther Finance Advisors LLC grew its stake in Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after buying an additional 124 shares during the last quarter. R Squared Ltd acquired a new position in Bunge Global in the 4th quarter valued at about $45,000. Finally, UMB Bank n.a. grew its stake in Bunge Global by 145.1% in the 3rd quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock valued at $63,000 after buying an additional 386 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BG shares. Barclays lowered shares of Bunge Global from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $115.00 to $95.00 in a research note on Tuesday, January 21st. Stephens dropped their price objective on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.71.

Bunge Global Stock Down 0.3 %

BG stock opened at $74.96 on Wednesday. The firm has a 50-day moving average price of $80.51 and a 200-day moving average price of $90.45. Bunge Global SA has a 12 month low of $73.74 and a 12 month high of $114.92. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $10.47 billion, a P/E ratio of 9.49 and a beta of 0.69.

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.