Brooklyn Investment Group Sells 444 Shares of Bunge Global SA (NYSE:BG)

Brooklyn Investment Group cut its position in shares of Bunge Global SA (NYSE:BG) by 43.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 572 shares of the basic materials company’s stock after selling 444 shares during the period. Brooklyn Investment Group’s holdings in Bunge Global were worth $44,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new stake in shares of Bunge Global during the 2nd quarter worth approximately $28,000. Wilmington Savings Fund Society FSB purchased a new stake in Bunge Global during the third quarter valued at $34,000. Farther Finance Advisors LLC lifted its position in Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 124 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Bunge Global by 145.1% in the 3rd quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock worth $63,000 after buying an additional 386 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Bunge Global by 121.5% in the 3rd quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock worth $70,000 after buying an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

Bunge Global stock opened at $79.53 on Monday. 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 $11.10 billion, a P/E ratio of 10.07 and a beta of 0.70. Bunge Global SA has a 1-year low of $75.75 and a 1-year high of $114.92. The company’s 50-day moving average is $83.19 and its 200 day moving average is $93.27.

Wall Street Analyst Weigh In

Separately, Stephens raised shares of Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.