Teachers Retirement System of The State of Kentucky Sells 63,013 Shares of Bunge Global SA (NYSE:BG)

Teachers Retirement System of The State of Kentucky trimmed its stake in Bunge Global SA (NYSE:BG - Free Report) by 85.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,861 shares of the basic materials company's stock after selling 63,013 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Bunge Global were worth $1,050,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Altshuler Shaham Ltd purchased a new stake in shares of Bunge Global during the second quarter valued at approximately $28,000. Blue Trust Inc. increased its holdings in shares of Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company's stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Bunge Global by 185.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company's stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Bunge Global in the second quarter worth $40,000. Finally, Atlas Capital Advisors LLC lifted its holdings in shares of Bunge Global by 261.3% during the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 277 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

Bunge Global stock traded down $1.21 during mid-day trading on Thursday, reaching $77.92. 1,704,668 shares of the stock traded hands, compared to its average volume of 1,578,215. The stock has a market capitalization of $10.88 billion, a PE ratio of 9.86 and a beta of 0.68. 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 business's 50-day moving average is $87.96 and its 200-day moving average is $97.51. Bunge Global SA has a 12-month low of $77.68 and a 12-month high of $114.92.

Analysts Set New Price Targets

Separately, 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, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Bunge Global presently has a consensus rating of "Moderate Buy" and a consensus target price 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.