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

Forza Wealth Management LLC reduced its stake in Bunge Global SA (NYSE:BG) by 6.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Bunge Global by 7.6% during the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after buying an additional 500,897 shares during the period. Pacer Advisors Inc. boosted its stake in Bunge Global by 26.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock valued at $449,614,000 after purchasing an additional 883,127 shares during the period. Geode Capital Management LLC grew its holdings in Bunge Global by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company’s stock valued at $329,697,000 after buying an additional 45,159 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bunge Global by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company’s stock worth $243,664,000 after buying an additional 121,080 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Bunge Global by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company’s stock valued at $139,608,000 after purchasing an additional 50,615 shares during the period. Institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of Bunge Global stock traded up $1.08 during trading on Monday, reaching $82.30. The company’s stock had a trading volume of 890,500 shares, 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. The stock has a market capitalization 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. Bunge Global SA has a one year low of $75.75 and a one year high of $114.92.

Wall Street Analysts Forecast Growth

Separately, Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.