Bunge Global SA (NYSE:BG) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its position in shares of Bunge Global SA (NYSE:BG) by 3.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 8,616 shares of the basic materials company’s stock after selling 285 shares during the quarter. Freedom Investment Management Inc.’s holdings in Bunge Global were worth $833,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in Bunge Global by 156.4% during the second quarter. SG Americas Securities LLC now owns 193,467 shares of the basic materials company’s stock valued at $20,656,000 after purchasing an additional 117,998 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Bunge Global by 13.3% in the 1st quarter. Janus Henderson Group PLC now owns 82,036 shares of the basic materials company’s stock valued at $8,408,000 after buying an additional 9,648 shares during the period. Xponance Inc. boosted its stake in shares of Bunge Global by 39.0% in the second quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock worth $4,606,000 after buying an additional 12,104 shares during the last quarter. AMG National Trust Bank acquired a new stake in Bunge Global during the second quarter worth about $314,000. Finally, Cetera Investment Advisers raised its position in Bunge Global by 273.1% during the first quarter. Cetera Investment Advisers now owns 18,699 shares of the basic materials company’s stock valued at $1,917,000 after acquiring an additional 13,687 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered Bunge Global from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $125.00 to $114.00 in a research report on Thursday, August 1st. Four equities 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Performance

Shares of BG stock opened at $88.91 on Friday. The company has a market capitalization of $12.41 billion, a P/E ratio of 11.25 and a beta of 0.67. Bunge Global SA has a 12-month low of $82.18 and a 12-month high of $114.92. The business’s 50 day moving average is $91.69 and its two-hundred day moving average is $99.53. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

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.