Virtu Financial LLC Takes Position in Bunge Global SA (NYSE:BG)

Virtu Financial LLC bought a new position in Bunge Global SA (NYSE:BG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,419 shares of the basic materials company’s stock, valued at approximately $620,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of Bunge Global in the 2nd quarter worth about $28,000. Blue Trust Inc. raised its holdings in Bunge Global by 52.3% in the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after buying an additional 102 shares during the period. Farmers & Merchants Investments Inc. lifted its position in Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Bunge Global during the second quarter worth approximately $40,000. Finally, Atlas Capital Advisors LLC grew its stake in Bunge Global by 261.3% during the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after buying an additional 277 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of BG stock opened at $82.65 on Friday. The firm has a fifty day simple moving average of $89.00 and a 200-day simple moving average of $98.05. The company has a market capitalization of $11.54 billion, a PE ratio of 10.46 and a beta of 0.68. Bunge Global SA has a twelve month low of $81.95 and a twelve month high of $114.92. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

Wall Street Analyst Weigh In

Separately, Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and a consensus 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.