Bunge Global SA (NYSE:BG) Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its position in shares of Bunge Global SA (NYSE:BG) by 27.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,794 shares of the basic materials company’s stock after selling 55,480 shares during the quarter. Citigroup Inc.’s holdings in Bunge Global were worth $14,476,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BG. Altshuler Shaham Ltd acquired a new position in shares of Bunge Global during the second quarter valued at approximately $28,000. Blue Trust Inc. raised its holdings in shares of Bunge Global by 52.3% during the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Bunge Global in the second quarter valued at approximately $40,000. Finally, Atlas Capital Advisors LLC grew its position in shares of Bunge Global by 261.3% in 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. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup lowered Bunge Global from a “buy” rating to a “neutral” rating and dropped their price target for the company from $125.00 to $114.00 in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and an average price target of $118.00.

Bunge Global Trading Down 0.8 %

Shares of Bunge Global stock opened at $88.90 on Thursday. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 11.29 and a beta of 0.67. Bunge Global SA has a fifty-two week low of $82.18 and a fifty-two week high of $114.92. 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 stock has a 50 day moving average of $91.86 and a 200 day moving average of $99.60.

Bunge Global Company 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.