Ballentine Partners LLC Sells 278 Shares of Bunge Global SA (NYSE:BG)

Ballentine Partners LLC lowered its position in Bunge Global SA (NYSE:BG) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,224 shares of the basic materials company’s stock after selling 278 shares during the quarter. Ballentine Partners LLC’s holdings in Bunge Global were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BG. Franklin Resources Inc. boosted its holdings in shares of Bunge Global by 16.9% in the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock worth $26,371,000 after buying an additional 39,646 shares during the last quarter. Swedbank AB grew its position in shares of Bunge Global by 11.9% during the 3rd quarter. Swedbank AB now owns 143,534 shares of the basic materials company’s stock valued at $13,871,000 after acquiring an additional 15,241 shares during the period. iA Global Asset Management Inc. purchased a new stake in shares of Bunge Global in the 3rd quarter worth $888,000. Hennion & Walsh Asset Management Inc. raised its holdings in Bunge Global by 7.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after purchasing an additional 278 shares during the period. Finally, Quarry LP lifted its position in Bunge Global by 167.1% during the second quarter. Quarry LP now owns 19,865 shares of the basic materials company’s stock valued at $2,121,000 after purchasing an additional 12,429 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BG. Barclays cut Bunge Global from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $115.00 to $95.00 in a research report on Tuesday. Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $116.33.

Bunge Global Price Performance

BG stock opened at $78.73 on Friday. The company has a market capitalization of $10.99 billion, a PE ratio of 9.97 and a beta of 0.70. The company’s fifty day moving average price is $82.49 and its 200-day moving average price is $92.64. Bunge Global SA has a one year low of $75.75 and a one year high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07.

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.