Beacon Investment Advisory Services Inc. Sells 10,190 Shares of Bunge Global SA (NYSE:BG)

Beacon Investment Advisory Services Inc. lessened its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,871 shares of the basic materials company's stock after selling 10,190 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Bunge Global were worth $2,401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BG. Xponance Inc. boosted its position in shares of Bunge Global by 39.0% in the second quarter. Xponance Inc. now owns 43,140 shares of the basic materials company's stock valued at $4,606,000 after acquiring an additional 12,104 shares during the period. Franklin Resources Inc. raised its stake in Bunge Global by 16.9% during the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock worth $26,371,000 after acquiring an additional 39,646 shares in the last quarter. Swedbank AB increased its stake in shares of Bunge Global by 11.9% in the third quarter. Swedbank AB now owns 143,534 shares of the basic materials company's stock valued at $13,871,000 after buying an additional 15,241 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of Bunge Global in the third quarter valued at $888,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Bunge Global by 7.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock valued at $302,000 after buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

BG has been the topic of several recent research reports. Barclays cut Bunge Global from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $115.00 to $95.00 in a report on Tuesday. Stephens upgraded Bunge Global to a "strong-buy" rating in a report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $115.14.

Bunge Global Price Performance

BG traded up $0.82 on Thursday, reaching $78.73. The stock had a trading volume of 968,796 shares, compared to its average volume of 1,399,317. Bunge Global SA has a fifty-two week low of $75.75 and a fifty-two week high of $114.92. The firm has a 50-day moving average of $82.67 and a 200-day moving average of $92.74. 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 capitalization of $10.99 billion, a price-to-earnings ratio of 9.97 and a beta of 0.70.

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.