Brooklyn Investment Group Sells 444 Shares of Bunge Global SA (NYSE:BG)

Brooklyn Investment Group lowered its stake in shares of Bunge Global SA (NYSE:BG) by 43.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 572 shares of the basic materials company’s stock after selling 444 shares during the period. Brooklyn Investment Group’s holdings in Bunge Global were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Altshuler Shaham Ltd purchased a new stake in shares of Bunge Global during the 2nd quarter worth $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Bunge Global during the third quarter valued at about $34,000. Farther Finance Advisors LLC boosted its holdings in shares of Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after buying an additional 124 shares in the last quarter. UMB Bank n.a. grew its position in shares of Bunge Global by 145.1% in the 3rd quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock worth $63,000 after buying an additional 386 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators raised its stake in shares of Bunge Global by 31.0% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 0.2 %

NYSE:BG opened at $79.53 on Monday. The company has a market capitalization of $11.10 billion, a P/E ratio of 10.07 and a beta of 0.70. 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 SA has a 12 month low of $75.75 and a 12 month high of $114.92. The firm has a fifty day simple moving average of $83.19 and a 200-day simple moving average of $93.27.

Wall Street Analyst Weigh In

Separately, Stephens raised shares of Bunge Global to a “strong-buy” rating in a 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bunge Global presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.