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

Sanctuary Advisors LLC trimmed its position in Bunge Global SA (NYSE:BG - Free Report) by 31.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of Bunge Global in the 3rd quarter worth approximately $620,000. Geode Capital Management LLC raised its stake in Bunge Global by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company's stock worth $329,697,000 after buying an additional 45,159 shares in the last quarter. Barclays PLC lifted its holdings in Bunge Global by 17.2% during the third quarter. Barclays PLC now owns 454,722 shares of the basic materials company's stock worth $43,945,000 after buying an additional 66,681 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Bunge Global by 13.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 48,549 shares of the basic materials company's stock valued at $4,692,000 after acquiring an additional 5,676 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of Bunge Global by 10.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 6,683 shares of the basic materials company's stock valued at $646,000 after acquiring an additional 637 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Stephens upgraded Bunge Global to a "strong-buy" rating in a research note on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

Bunge Global Stock Up 1.5 %

Shares of Bunge Global stock traded up $1.18 during trading on Friday, reaching $79.10. The company's stock had a trading volume of 7,009,691 shares, compared to its average volume of 1,600,295. The company has a 50-day simple moving average of $87.60 and a two-hundred day simple moving average of $97.37. Bunge Global SA has a 1-year low of $77.64 and a 1-year high of $114.92. The company has a market cap of $11.04 billion, a price-to-earnings ratio of 10.01 and a beta of 0.68. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43.

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.