Catalyst Capital Advisors LLC Lowers Stock Position in Bunge Global SA (NYSE:BG)

Catalyst Capital Advisors LLC trimmed its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 25.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,369 shares of the basic materials company's stock after selling 7,888 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Bunge Global were worth $2,258,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of BG. QRG Capital Management Inc. boosted its holdings in Bunge Global by 7.8% during the 3rd quarter. QRG Capital Management Inc. now owns 5,565 shares of the basic materials company's stock valued at $538,000 after acquiring an additional 404 shares during the period. National Pension Service lifted its holdings in shares of Bunge Global by 1.6% in the 3rd quarter. National Pension Service now owns 310,617 shares of the basic materials company's stock valued at $30,018,000 after purchasing an additional 4,995 shares during the last quarter. KG&L Capital Management LLC acquired a new position in Bunge Global in the third quarter valued at $319,000. Van ECK Associates Corp raised its stake in shares of Bunge Global by 13.2% during the third quarter. Van ECK Associates Corp now owns 547,650 shares of the basic materials company's stock worth $48,735,000 after purchasing an additional 63,800 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock worth $42,000 after acquiring an additional 124 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of Bunge Global from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $125.00 to $114.00 in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Bunge Global presently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

Bunge Global Price Performance

Shares of NYSE:BG traded up $0.79 on Tuesday, hitting $84.79. The stock had a trading volume of 3,257,133 shares, compared to its average volume of 1,537,671. The firm's 50 day moving average price is $95.33 and its 200-day moving average price is $101.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The company has a market capitalization of $11.84 billion, a price-to-earnings ratio of 10.56 and a beta of 0.67. Bunge Global SA has a twelve month low of $82.18 and a twelve month high of $114.92.

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.