GAMMA Investing LLC Sells 312 Shares of Bunge Global SA (NYSE:BG)

GAMMA Investing LLC trimmed its holdings in shares of Bunge Global SA (NYSE:BG) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,299 shares of the basic materials company’s stock after selling 312 shares during the period. GAMMA Investing LLC’s holdings in Bunge Global were worth $101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of Bunge Global by 2.7% during the third quarter. Principal Financial Group Inc. now owns 177,218 shares of the basic materials company’s stock worth $17,126,000 after buying an additional 4,733 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Bunge Global by 5.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,983 shares of the basic materials company’s stock valued at $2,898,000 after purchasing an additional 1,660 shares in the last quarter. Franklin Resources Inc. increased its stake in Bunge Global by 16.9% in the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after purchasing an additional 39,646 shares in the last quarter. Synovus Financial Corp increased its stake in Bunge Global by 16.5% in the third quarter. Synovus Financial Corp now owns 5,124 shares of the basic materials company’s stock valued at $495,000 after purchasing an additional 724 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Bunge Global in the third quarter valued at approximately $34,000. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens raised shares of Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $118.00.

Bunge Global Stock Up 5.1 %

Bunge Global stock opened at $81.30 on Friday. The company has a market cap of $11.35 billion, a P/E ratio of 10.29 and a beta of 0.70. Bunge Global SA has a 1-year low of $75.75 and a 1-year high of $114.92. The company has a fifty day simple moving average of $83.73 and a 200 day simple moving average of $94.61. 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.