Nordea Investment Management AB Has $1.20 Million Holdings in Bunge Global SA (NYSE:BG)

Nordea Investment Management AB decreased its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 71.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,472 shares of the basic materials company's stock after selling 38,405 shares during the period. Nordea Investment Management AB's holdings in Bunge Global were worth $1,200,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new stake in Bunge Global in the second quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB purchased a new position in Bunge Global during the 3rd quarter worth $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Bunge Global in the 2nd quarter worth $40,000. Farther Finance Advisors LLC increased its stake in shares of Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock worth $42,000 after acquiring an additional 124 shares during the period. Finally, UMB Bank n.a. raised its holdings in Bunge Global by 145.1% during the third quarter. UMB Bank n.a. now owns 652 shares of the basic materials company's stock worth $63,000 after purchasing an additional 386 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Stephens raised Bunge Global to a "strong-buy" rating in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Bunge Global currently has an average rating of "Moderate Buy" and an average price target of $118.00.

Bunge Global Stock Performance

Bunge Global stock traded up $0.57 during mid-day trading on Monday, hitting $81.79. 1,608,378 shares of the company's stock traded hands, compared to its average volume of 1,361,311. 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 SA has a one year low of $75.75 and a one year high of $114.92. The firm has a 50 day moving average price of $83.66 and a 200 day moving average price of $94.06. The company has a market cap of $11.42 billion, a PE ratio of 10.35 and a beta of 0.70.

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.