Bunge Global SA (NYSE:BG) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in Bunge Global SA (NYSE:BG) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,194 shares of the basic materials company’s stock after selling 373 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Bunge Global were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Bunge Global by 14.6% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 45,850 shares of the basic materials company’s stock valued at $4,701,000 after purchasing an additional 5,850 shares during the last quarter. Freestone Capital Holdings LLC purchased a new stake in Bunge Global in the first quarter valued at $915,000. 1832 Asset Management L.P. purchased a new stake in Bunge Global in the first quarter valued at $1,865,000. Price T Rowe Associates Inc. MD boosted its holdings in Bunge Global by 2.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 197,821 shares of the basic materials company’s stock valued at $20,281,000 after purchasing an additional 5,635 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Bunge Global by 27.9% in the first quarter. Public Employees Retirement System of Ohio now owns 80,754 shares of the basic materials company’s stock valued at $8,279,000 after purchasing an additional 17,638 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and lowered their price target for the company from $125.00 to $114.00 in a 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 stock. According to MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Trading Down 2.0 %

BG stock opened at $89.50 on Wednesday. The company’s 50-day simple moving average is $92.71 and its 200-day simple moving average is $100.18. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 52-week low of $82.18 and a 52-week high of $114.92. The firm has a market cap of $12.50 billion, a P/E ratio of 11.33 and a beta of 0.67.

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.