Sicart Associates LLC Sells 9,135 Shares of Bunge Global SA (NYSE:BG)

Sicart Associates LLC lessened its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 78,856 shares of the basic materials company's stock after selling 9,135 shares during the quarter. Bunge Global makes up approximately 2.2% of Sicart Associates LLC's investment portfolio, making the stock its 18th largest holding. Sicart Associates LLC owned approximately 0.06% of Bunge Global worth $6,132,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Bunge Global by 7.6% in the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company's stock valued at $681,467,000 after purchasing an additional 500,897 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Bunge Global by 26.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company's stock worth $449,614,000 after acquiring an additional 883,127 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Bunge Global by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company's stock worth $329,697,000 after acquiring an additional 45,159 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bunge Global by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company's stock valued at $243,664,000 after purchasing an additional 121,080 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Bunge Global by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company's stock valued at $139,608,000 after purchasing an additional 50,615 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Bunge Global Stock Performance

BG traded up $0.13 during midday trading on Friday, reaching $79.53. The company had a trading volume of 1,362,785 shares, compared to its average volume of 1,433,299. Bunge Global SA has a 12-month low of $75.75 and a 12-month high of $114.92. The business has a 50-day moving average price of $83.34 and a two-hundred day moving average price of $93.69. The stock has a market cap of $11.11 billion, a PE ratio of 10.07 and a beta of 0.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07.

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.