Bunge Global SA (NYSE:BG) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its holdings in shares of Bunge Global SA (NYSE:BG) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,030 shares of the basic materials company’s stock after selling 330 shares during the period. Everence Capital Management Inc.’s holdings in Bunge Global were worth $236,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ballentine Partners LLC boosted its position in Bunge Global by 2.0% during the 2nd quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock worth $615,000 after acquiring an additional 111 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 124 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in 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 worth $2,305,000 after purchasing an additional 144 shares during the period. V Square Quantitative Management LLC grew its position in Bunge Global by 3.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 4,367 shares of the basic materials company’s stock valued at $422,000 after buying an additional 156 shares in the last quarter. Finally, Caprock Group LLC increased its stake in Bunge Global by 2.2% during the 3rd quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock valued at $722,000 after buying an additional 164 shares during the period. 86.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Stephens raised shares of 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 given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Performance

Shares of BG opened at $77.15 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10. The firm’s 50 day moving average is $83.87 and its 200-day moving average is $94.73. Bunge Global SA has a 12-month low of $75.75 and a 12-month high of $114.92. The stock has a market capitalization of $10.77 billion, a P/E ratio of 9.77 and a beta of 0.70.

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.