Moran Wealth Management LLC Sells 379 Shares of Bunge Global SA (NYSE:BG)

Moran Wealth Management LLC lowered its stake in shares of Bunge Global SA (NYSE:BG) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,108 shares of the basic materials company’s stock after selling 379 shares during the period. Moran Wealth Management LLC’s holdings in Bunge Global were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bunge Global in the third quarter valued at approximately $2,034,000. Banque Cantonale Vaudoise grew its position in Bunge Global by 37.6% in the 3rd quarter. Banque Cantonale Vaudoise now owns 4,666 shares of the basic materials company’s stock valued at $451,000 after purchasing an additional 1,275 shares during the period. Prospera Financial Services Inc increased its stake in Bunge Global by 5.5% during the 3rd quarter. Prospera Financial Services Inc now owns 4,929 shares of the basic materials company’s stock valued at $477,000 after purchasing an additional 258 shares in the last quarter. Caprock Group LLC raised its holdings in Bunge Global by 2.2% during the third quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock worth $722,000 after buying an additional 164 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in shares of Bunge Global by 1,585.3% in the third quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company’s stock valued at $17,782,000 after buying an additional 173,082 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Up 0.5 %

Bunge Global stock opened at $88.50 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The stock has a market cap of $12.36 billion, a PE ratio of 11.20 and a beta of 0.67. Bunge Global SA has a fifty-two week low of $82.18 and a fifty-two week high of $114.92. The firm’s 50-day simple moving average is $92.39 and its 200 day simple moving average is $100.01.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $125.00 to $114.00 in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and an average target price of $118.00.

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.