Bunge Global SA (NYSE:BG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Bunge Global SA (NYSE:BG) by 2.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 17,460 shares of the basic materials company’s stock after selling 414 shares during the period. Mutual of America Capital Management LLC’s holdings in Bunge Global were worth $1,687,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in Bunge Global by 2.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 197,821 shares of the basic materials company’s stock valued at $20,281,000 after purchasing an additional 5,635 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Bunge Global by 27.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 80,754 shares of the basic materials company’s stock valued at $8,279,000 after buying an additional 17,638 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Bunge Global by 13.3% during the 1st quarter. Janus Henderson Group PLC now owns 82,036 shares of the basic materials company’s stock worth $8,408,000 after buying an additional 9,648 shares during the last quarter. Alethea Capital Management LLC purchased a new position in shares of Bunge Global in the 1st quarter worth $482,000. Finally, LBP AM SA acquired a new position in Bunge Global in the first quarter valued at $603,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

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

Bunge Global Trading Up 0.9 %

NYSE:BG opened at $88.48 on Tuesday. The business’s 50-day moving average is $92.02 and its two-hundred day moving average is $99.72. The firm has a market capitalization of $12.35 billion, a PE ratio of 11.20 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 company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10.

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.