Advisors Asset Management Inc. Decreases Stake in Bunge Global SA (NYSE:BG)

Advisors Asset Management Inc. decreased its holdings in Bunge Global SA (NYSE:BG) by 21.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,097 shares of the basic materials company’s stock after selling 4,486 shares during the quarter. Advisors Asset Management Inc.’s holdings in Bunge Global were worth $1,556,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in shares of Bunge Global by 156.4% during the 2nd quarter. SG Americas Securities LLC now owns 193,467 shares of the basic materials company’s stock worth $20,656,000 after acquiring an additional 117,998 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Bunge Global by 13.3% in the first quarter. Janus Henderson Group PLC now owns 82,036 shares of the basic materials company’s stock valued at $8,408,000 after purchasing an additional 9,648 shares during the last quarter. Xponance Inc. increased its position in shares of Bunge Global by 39.0% in the second quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock valued at $4,606,000 after buying an additional 12,104 shares in the last quarter. AMG National Trust Bank acquired a new position in shares of Bunge Global during the 2nd quarter worth $314,000. Finally, Cetera Investment Advisers boosted its position in shares of Bunge Global by 273.1% in the 1st quarter. Cetera Investment Advisers now owns 18,699 shares of the basic materials company’s stock worth $1,917,000 after buying an additional 13,687 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of Bunge Global from a “buy” rating to a “neutral” rating and dropped their target price for the company from $125.00 to $114.00 in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.00.

Bunge Global Stock Up 0.9 %

BG opened at $88.48 on Tuesday. The firm has a market cap of $12.35 billion, a P/E ratio of 11.20 and a beta of 0.67. The business’s fifty day simple moving average is $92.02 and its 200 day simple moving average is $99.72. Bunge Global SA has a 52 week low of $82.18 and a 52 week high of $114.92. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43.

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.