Bank of Montreal Can Sells 55,244 Shares of Bunge Global SA (NYSE:BG)

Bank of Montreal Can lowered its stake in shares of Bunge Global SA (NYSE:BG) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 685,266 shares of the basic materials company’s stock after selling 55,244 shares during the period. Bank of Montreal Can owned approximately 0.49% of Bunge Global worth $66,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BG. Altshuler Shaham Ltd bought a new position in shares of Bunge Global during the 2nd quarter valued at about $28,000. Blue Trust Inc. lifted its holdings in shares of Bunge Global by 52.3% during the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 102 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Bunge Global by 185.2% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Bunge Global during the 2nd quarter valued at about $40,000. Finally, Atlas Capital Advisors LLC lifted its holdings in shares of Bunge Global by 261.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 277 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

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

Bunge Global Stock Down 0.8 %

Shares of Bunge Global stock opened at $88.90 on Thursday. The business’s 50 day simple moving average is $91.86 and its 200 day simple moving average is $99.60. Bunge Global SA has a 52-week low of $82.18 and a 52-week high of $114.92. The firm has a market cap of $12.41 billion, a PE ratio of 11.25 and a beta of 0.67. 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 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.