Thrivent Financial for Lutherans Cuts Stake in Bunge Global SA (NYSE:BG)

Thrivent Financial for Lutherans reduced its position in Bunge Global SA (NYSE:BG) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,820 shares of the basic materials company’s stock after selling 161 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Bunge Global were worth $562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in Bunge Global in the second quarter worth $28,000. Blue Trust Inc. grew its holdings in shares of Bunge Global by 52.3% during the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after buying an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after buying an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Bunge Global during the second quarter valued at $40,000. Finally, Atlas Capital Advisors LLC grew its holdings in shares of Bunge Global by 261.3% during the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock valued at $41,000 after buying an additional 277 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Shares of BG opened at $86.50 on Thursday. The firm has a market capitalization of $12.08 billion, a PE ratio of 11.06 and a beta of 0.68. 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 SA has a 1-year low of $82.18 and a 1-year high of $114.92. The company’s fifty day moving average price is $90.93 and its 200-day moving average price is $99.07.

About Bunge Global

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.