Bunge Global SA (NYSE:BG) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc lessened its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 72.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,102 shares of the basic materials company's stock after selling 11,050 shares during the period. AdvisorNet Financial Inc's holdings in Bunge Global were worth $319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. City Center Advisors LLC raised its position in shares of Bunge Global by 19.0% in the 4th quarter. City Center Advisors LLC now owns 4,222 shares of the basic materials company's stock valued at $328,000 after purchasing an additional 675 shares during the last quarter. Czech National Bank boosted its holdings in Bunge Global by 4.9% during the fourth quarter. Czech National Bank now owns 30,274 shares of the basic materials company's stock worth $2,354,000 after buying an additional 1,419 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Bunge Global by 2.7% in the third quarter. Principal Financial Group Inc. now owns 177,218 shares of the basic materials company's stock worth $17,126,000 after acquiring an additional 4,733 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in Bunge Global by 5.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,983 shares of the basic materials company's stock valued at $2,898,000 after purchasing an additional 1,660 shares during the period. Finally, Franklin Resources Inc. grew its stake in Bunge Global by 16.9% in the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock valued at $26,371,000 after acquiring an additional 39,646 shares during the period. Institutional investors own 86.23% of the company's stock.

Bunge Global Price Performance

Bunge Global stock traded up $0.13 during mid-day trading on Friday, reaching $79.53. The company had a trading volume of 1,360,521 shares, compared to its average volume of 1,433,078. The stock's 50-day simple moving average is $83.34 and its 200-day simple moving average is $93.69. Bunge Global SA has a 1 year low of $75.75 and a 1 year 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. The company has a market capitalization of $11.11 billion, a P/E ratio of 10.07 and a beta of 0.70.

Analyst Ratings Changes

Separately, Stephens raised shares of Bunge Global to a "strong-buy" rating in a research note on Monday, December 2nd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

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.