Bunge Global SA (NYSE:BG) Shares Bought by City Center Advisors LLC

City Center Advisors LLC grew its position in Bunge Global SA (NYSE:BG) by 19.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,222 shares of the basic materials company’s stock after acquiring an additional 675 shares during the quarter. City Center Advisors LLC’s holdings in Bunge Global were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BG. Ashton Thomas Private Wealth LLC bought a new stake in Bunge Global during the second quarter valued at $40,000. Choreo LLC acquired a new position in shares of Bunge Global in the 2nd quarter valued at about $308,000. American Century Companies Inc. boosted its holdings in shares of Bunge Global by 15.7% in the 2nd quarter. American Century Companies Inc. now owns 191,682 shares of the basic materials company’s stock valued at $20,466,000 after buying an additional 26,032 shares during the period. Qsemble Capital Management LP bought a new stake in shares of Bunge Global during the 2nd quarter valued at about $379,000. Finally, Johnson Investment Counsel Inc. acquired a new stake in Bunge Global during the second quarter worth about $388,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of BG stock opened at $81.30 on Monday. 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 current ratio of 2.07 and a quick ratio of 1.10. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 10.29 and a beta of 0.70. The business has a 50 day simple moving average of $83.71 and a 200 day simple moving average of $94.24.

Analyst Upgrades and Downgrades

Separately, Stephens upgraded Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Bunge Global 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.