Bunge Global SA (NYSE:BG) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its position in shares of Bunge Global SA (NYSE:BG) by 31.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,829 shares of the basic materials company’s stock after selling 8,142 shares during the quarter. Sanctuary Advisors LLC’s holdings in Bunge Global were worth $1,723,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of Bunge Global by 26.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock worth $449,614,000 after acquiring an additional 883,127 shares during the period. Millennium Management LLC raised its stake in Bunge Global by 12,617.1% during the second quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock worth $94,557,000 after purchasing an additional 878,653 shares during the period. Ilex Capital Partners UK LLP acquired a new position in shares of Bunge Global in the 3rd quarter valued at $54,330,000. State Street Corp grew its stake in shares of Bunge Global by 7.6% during the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after buying an additional 500,897 shares during the period. Finally, LSV Asset Management increased its holdings in shares of Bunge Global by 10.7% during the 2nd quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock worth $225,629,000 after buying an additional 203,910 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens raised Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Four investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $118.00.

Bunge Global Stock Performance

Shares of BG stock opened at $77.92 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The company has a market cap of $10.88 billion, a PE ratio of 9.86 and a beta of 0.68. The company’s fifty day simple moving average is $87.60 and its 200-day simple moving average is $97.37. Bunge Global SA has a 52 week low of $77.68 and a 52 week high of $114.92.

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.