Forza Wealth Management LLC Has $361,000 Stock Position in Bunge Global SA (NYSE:BG)

Forza Wealth Management LLC cut its position in Bunge Global SA (NYSE:BG) by 6.1% during the 4th quarter, HoldingsChannel reports. The firm owned 4,640 shares of the basic materials company’s stock after selling 300 shares during the quarter. Forza Wealth Management LLC’s holdings in Bunge Global were worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in Bunge Global during the 2nd quarter worth approximately $28,000. Wilmington Savings Fund Society FSB acquired a new position in Bunge Global in the 3rd quarter valued at $34,000. Ashton Thomas Private Wealth LLC bought a new position in Bunge Global during the second quarter worth about $40,000. Farther Finance Advisors LLC raised 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 valued at $42,000 after buying an additional 124 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Bunge Global by 145.1% in the 3rd quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 386 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Up 1.3 %

Shares of NYSE:BG traded up $1.08 during mid-day trading on Monday, hitting $82.30. 890,500 shares of the company traded hands, compared to its average volume of 1,253,158. The stock has a 50-day moving average price of $83.71 and a two-hundred day moving average price of $94.24. Bunge Global SA has a 12-month low of $75.75 and a 12-month high of $114.92. The stock has a market cap of $11.49 billion, a P/E ratio of 10.42 and a beta of 0.70. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

Analysts Set New Price Targets

Separately, Stephens upgraded shares of 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.