Gateway Investment Advisers LLC Purchases 3,456 Shares of Bunge Global SA (NYSE:BG)

Gateway Investment Advisers LLC boosted its position in Bunge Global SA (NYSE:BG) by 5.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,422 shares of the basic materials company’s stock after purchasing an additional 3,456 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Bunge Global were worth $5,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Bunge Global by 15.7% in the second quarter. American Century Companies Inc. now owns 191,682 shares of the basic materials company’s stock valued at $20,466,000 after acquiring an additional 26,032 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Bunge Global by 17.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 125,647 shares of the basic materials company’s stock valued at $13,415,000 after purchasing an additional 19,095 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Bunge Global by 24.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,085 shares of the basic materials company’s stock valued at $634,000 after purchasing an additional 1,215 shares during the period. Amalgamated Bank grew its position in shares of Bunge Global by 14.4% during the 2nd quarter. Amalgamated Bank now owns 46,037 shares of the basic materials company’s stock worth $4,915,000 after purchasing an additional 5,781 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Bunge Global by 28.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,799 shares of the basic materials company’s stock worth $1,759,000 after purchasing an additional 3,701 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Up 0.2 %

NYSE BG opened at $79.53 on Friday. Bunge Global SA has a fifty-two week low of $75.75 and a fifty-two week high of $114.92. The business has a fifty day moving average price of $83.19 and a two-hundred day moving average price of $93.50. 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 stock has a market capitalization of $11.11 billion, a PE ratio of 10.07 and a beta of 0.70.

Analyst Upgrades and Downgrades

Separately, Stephens upgraded Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.