Bunge Global SA (NYSE:BG) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of Bunge Global SA (NYSE:BG - Free Report) by 39.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,791 shares of the basic materials company's stock after selling 18,246 shares during the quarter. Amalgamated Bank's holdings in Bunge Global were worth $2,686,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BG. Mutual of America Capital Management LLC acquired a new position in Bunge Global during the first quarter worth about $1,951,000. Sei Investments Co. boosted its holdings in Bunge Global by 10.6% in the 1st quarter. Sei Investments Co. now owns 57,269 shares of the basic materials company's stock valued at $5,873,000 after purchasing an additional 5,504 shares during the last quarter. Donoghue Forlines LLC acquired a new position in Bunge Global in the 1st quarter valued at about $482,000. Avantax Advisory Services Inc. acquired a new position in Bunge Global in the 1st quarter valued at about $899,000. Finally, ProShare Advisors LLC boosted its holdings in Bunge Global by 7.2% in the 1st quarter. ProShare Advisors LLC now owns 32,769 shares of the basic materials company's stock valued at $3,359,000 after purchasing an additional 2,196 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Trading Up 0.7 %

Shares of BG stock traded up $0.63 during trading hours on Monday, hitting $87.75. The company had a trading volume of 2,039,417 shares, compared to its average volume of 1,555,595. The company's fifty day moving average is $93.88 and its 200 day moving average is $100.72. 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 SA has a fifty-two week low of $82.18 and a fifty-two week high of $114.92. The stock has a market capitalization of $12.25 billion, a PE ratio of 11.11 and a beta of 0.67.

Analysts Set New Price Targets

Separately, Citigroup lowered shares of Bunge Global from a "buy" rating to a "neutral" rating and decreased their target price for the company from $125.00 to $114.00 in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.