Bunge Global SA (NYSE:BG) Holdings Lowered by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in Bunge Global SA (NYSE:BG) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,724 shares of the basic materials company’s stock after selling 510 shares during the period. Retirement Systems of Alabama’s holdings in Bunge Global were worth $2,969,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. boosted its position 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. Ballentine Partners LLC lifted its stake in Bunge Global by 2.0% during the second quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock valued at $615,000 after purchasing an additional 111 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 worth $42,000 after buying an additional 124 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Bunge Global by 0.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,959 shares of the basic materials company’s stock worth $4,800,000 after buying an additional 130 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its holdings in shares of Bunge Global by 0.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock valued at $2,305,000 after buying an additional 144 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens raised Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.00.

Bunge Global Trading Up 1.5 %

NYSE BG opened at $79.10 on Friday. The firm’s 50 day moving average price is $87.60 and its two-hundred day moving average price is $97.37. 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 SA has a twelve month low of $77.64 and a twelve month high of $114.92. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 10.01 and a beta of 0.68.

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.