Uncommon Cents Investing LLC Cuts Position in Bunge Global SA (NYSE:BG)

Uncommon Cents Investing LLC lessened its holdings in shares of Bunge Global SA (NYSE:BG) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,780 shares of the basic materials company’s stock after selling 1,120 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Bunge Global were worth $2,471,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the business. Xponance Inc. boosted its stake in shares of Bunge Global by 39.0% in the 2nd quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock valued at $4,606,000 after buying an additional 12,104 shares during the period. Franklin Resources Inc. grew its holdings in Bunge Global by 16.9% during the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock worth $26,371,000 after acquiring an additional 39,646 shares in the last quarter. Swedbank AB grew its holdings in Bunge Global by 11.9% during the 3rd quarter. Swedbank AB now owns 143,534 shares of the basic materials company’s stock worth $13,871,000 after acquiring an additional 15,241 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Bunge Global in the 3rd quarter valued at approximately $888,000. Finally, Amalgamated Bank raised its holdings in shares of Bunge Global by 14.4% in the 2nd quarter. Amalgamated Bank now owns 46,037 shares of the basic materials company’s stock valued at $4,915,000 after purchasing an additional 5,781 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Trading Up 0.2 %

Shares of Bunge Global stock opened at $79.53 on Monday. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of 10.07 and a beta of 0.70. Bunge Global SA has a 52-week low of $75.75 and a 52-week high of $114.92. The company’s 50-day simple moving average is $83.19 and its 200-day simple moving average is $93.27. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43.

Wall Street Analysts Forecast Growth

Separately, Stephens upgraded Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.