Bunge Global SA (NYSE:BG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of Bunge Global SA (NYSE:BG) by 2.3% in the third quarter, Holdings Channel.com reports. The firm owned 17,460 shares of the basic materials company’s stock after selling 414 shares during the period. Mutual of America Capital Management LLC’s holdings in Bunge Global were worth $1,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BG. Altshuler Shaham Ltd purchased a new position in shares of Bunge Global during the 2nd quarter valued at approximately $28,000. Blue Trust Inc. boosted its stake in Bunge Global by 52.3% during the 2nd 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. boosted its stake in Bunge Global by 185.2% during the 2nd 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 bought a new stake in shares of Bunge Global in the 2nd quarter worth about $40,000. Finally, Atlas Capital Advisors LLC raised its stake in shares of Bunge Global by 261.3% in the 2nd 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. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Up 0.9 %

Bunge Global stock opened at $88.48 on Tuesday. Bunge Global SA has a 1 year low of $82.18 and a 1 year high of $114.92. The firm’s 50-day moving average is $92.02 and its 200-day moving average is $99.72. 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 company has a market cap of $12.35 billion, a P/E ratio of 11.20 and a beta of 0.67.

Analysts Set New Price Targets

Separately, Citigroup downgraded Bunge Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $125.00 to $114.00 in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and an average price target 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.