Orca Wealth Management LLC Invests $1.24 Million in Bunge Global SA (NYSE:BG)

Orca Wealth Management LLC acquired a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 15,926 shares of the basic materials company's stock, valued at approximately $1,238,000.

Several other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Bunge Global by 40.1% in 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 in the last quarter. NorthCrest Asset Manangement LLC boosted its position in Bunge Global by 0.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company's stock worth $2,305,000 after purchasing an additional 144 shares during the period. V Square Quantitative Management LLC increased its holdings in Bunge Global by 3.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 4,367 shares of the basic materials company's stock valued at $422,000 after purchasing an additional 156 shares in the last quarter. Caprock Group LLC raised its position in Bunge Global by 2.2% in the third quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company's stock valued at $722,000 after purchasing an additional 164 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its stake in shares of Bunge Global by 31.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company's stock worth $68,000 after purchasing an additional 166 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BG shares. Barclays lowered Bunge Global from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $115.00 to $95.00 in a research note on Tuesday, January 21st. Stephens raised shares of Bunge Global to a "strong-buy" rating in a research report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.33.

Bunge Global Stock Up 1.2 %

NYSE BG traded up $0.93 during mid-day trading on Wednesday, reaching $78.19. 1,159,509 shares of the company's stock traded hands, compared to its average volume of 1,387,006. 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 SA has a 1-year low of $75.75 and a 1-year high of $114.92. The company has a fifty day simple moving average of $81.52 and a 200-day simple moving average of $91.60. The company has a market cap of $10.92 billion, a price-to-earnings ratio of 9.90 and a beta of 0.70.

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.