Bunge Global SA (NYSE:BG) Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lowered its position in shares of Bunge Global SA (NYSE:BG) by 27.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,996 shares of the basic materials company’s stock after selling 15,448 shares during the period. Patton Albertson Miller Group LLC’s holdings in Bunge Global were worth $3,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its position in shares of Bunge Global by 24.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,085 shares of the basic materials company’s stock valued at $634,000 after acquiring an additional 1,215 shares during the last quarter. Sei Investments Co. boosted its position in shares of Bunge Global by 15.3% during the 2nd quarter. Sei Investments Co. now owns 66,046 shares of the basic materials company’s stock worth $7,051,000 after purchasing an additional 8,777 shares during the period. Public Sector Pension Investment Board increased its holdings in Bunge Global by 60.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 5,240 shares of the basic materials company’s stock valued at $559,000 after purchasing an additional 1,971 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Bunge Global by 58.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,470 shares of the basic materials company’s stock valued at $2,933,000 after purchasing an additional 10,123 shares during the period. Finally, APG Asset Management N.V. acquired a new position in Bunge Global during the second quarter worth $1,116,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Down 1.9 %

NYSE:BG opened at $77.16 on Friday. Bunge Global SA has a 12-month low of $75.75 and a 12-month high of $114.92. The firm has a market cap of $10.77 billion, a PE ratio of 9.77 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. The stock has a fifty day moving average price of $82.22 and a 200 day moving average price of $92.29.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stephens raised Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Barclays downgraded Bunge Global from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $115.00 to $95.00 in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $116.33.

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.