Franklin Resources Inc. Raises Position in Bunge Global SA (NYSE:BG)

Franklin Resources Inc. boosted its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,096 shares of the basic materials company's stock after acquiring an additional 39,646 shares during the period. Franklin Resources Inc. owned 0.20% of Bunge Global worth $26,371,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Bunge Global by 16.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,972 shares of the basic materials company's stock valued at $424,000 after purchasing an additional 550 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Bunge Global by 52.3% during the 2nd 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. Raymond James & Associates increased its position in shares of Bunge Global by 11.2% during the second quarter. Raymond James & Associates now owns 36,355 shares of the basic materials company's stock valued at $3,882,000 after acquiring an additional 3,671 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Bunge Global by 15.3% in the 2nd quarter. Fifth Third Bancorp now owns 4,539 shares of the basic materials company's stock valued at $485,000 after acquiring an additional 603 shares during the period. Finally, Capital Insight Partners LLC lifted its stake in Bunge Global by 2.1% during the second quarter. Capital Insight Partners LLC now owns 8,114 shares of the basic materials company's stock worth $866,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stephens raised Bunge Global to a "strong-buy" rating in a research report on Monday, December 2nd. Four 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $118.00.

Bunge Global Price Performance

Shares of BG traded up $1.18 during trading hours on Friday, reaching $79.10. The company had a trading volume of 7,009,691 shares, compared to its average volume of 1,600,295. The company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 10.01 and a beta of 0.68. Bunge Global SA has a 12-month low of $77.64 and a 12-month high of $114.92. The firm has a 50 day simple moving average of $87.60 and a 200-day simple moving average of $97.37. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

Bunge Global Company 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.