Natixis Advisors LLC Sells 4,052 Shares of Bunge Global SA (NYSE:BG)

Natixis Advisors LLC trimmed its position in Bunge Global SA (NYSE:BG) by 19.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,262 shares of the basic materials company’s stock after selling 4,052 shares during the quarter. Natixis Advisors LLC’s holdings in Bunge Global were worth $1,572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in Bunge Global during the 2nd quarter valued at approximately $28,000. Blue Trust Inc. boosted its position 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 worth $30,000 after acquiring an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position 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 worth $33,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Bunge Global during the second quarter valued at $40,000. Finally, Atlas Capital Advisors LLC increased its holdings in Bunge Global by 261.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 277 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup lowered 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 research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Bunge Global Stock Up 0.9 %

Shares of NYSE:BG opened at $88.48 on Tuesday. The business’s 50 day moving average is $92.02 and its 200 day moving average is $99.72. The stock has a market cap of $12.35 billion, a P/E ratio of 11.20 and a beta of 0.67. Bunge Global SA has a 52-week low of $82.18 and a 52-week high of $114.92. The company has a quick ratio of 1.10, a current ratio of 2.07 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.