Gateway Investment Advisers LLC Has $5.40 Million Position in Bunge Global SA (NYSE:BG)

Gateway Investment Advisers LLC grew its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,422 shares of the basic materials company's stock after buying an additional 3,456 shares during the quarter. Gateway Investment Advisers LLC's holdings in Bunge Global were worth $5,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BG. Altshuler Shaham Ltd bought a new position in Bunge Global during the second quarter valued at about $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global in the 3rd quarter worth approximately $34,000. Farther Finance Advisors LLC grew its stake in shares of Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock worth $42,000 after purchasing an additional 124 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Bunge Global by 145.1% in the 3rd 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. Finally, Deseret Mutual Benefit Administrators lifted its stake in Bunge Global by 31.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company's stock valued at $68,000 after purchasing an additional 166 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Trading Up 0.2 %

Shares of NYSE:BG traded up $0.13 during mid-day trading on Friday, hitting $79.53. The stock had a trading volume of 1,362,785 shares, compared to its average volume of 1,332,673. The company's 50 day moving average is $83.19 and its 200-day moving average is $93.38. Bunge Global SA has a 12-month low of $75.75 and a 12-month 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 cap of $11.11 billion, a PE ratio of 10.07 and a beta of 0.70.

Wall Street Analysts Forecast Growth

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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

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.