US Bancorp DE Sells 640 Shares of Bunge Global SA (NYSE:BG)

US Bancorp DE trimmed its holdings in Bunge Global SA (NYSE:BG) by 13.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,961 shares of the basic materials company’s stock after selling 640 shares during the period. US Bancorp DE’s holdings in Bunge Global were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in Bunge Global in the 2nd quarter valued at about $28,000. Blue Trust Inc. raised its position in Bunge Global by 52.3% during the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 102 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Bunge Global during the second quarter worth $40,000. Finally, Atlas Capital Advisors LLC boosted its holdings in shares of 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 purchasing an additional 277 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Citigroup cut Bunge Global from a “buy” rating to a “neutral” rating and lowered their price target 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. According to data from MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $118.00.

Bunge Global Trading Down 0.3 %

BG opened at $87.46 on Wednesday. The company’s 50 day moving average price is $93.64 and its two-hundred day moving average price is $100.62. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 11.07 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 company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10.

Bunge Global 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.