Ontario Teachers Pension Plan Board Sells 30,230 Shares of Bunge Global SA (NYSE:BG)

Ontario Teachers Pension Plan Board cut its holdings in shares of Bunge Global SA (NYSE:BG) by 73.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,895 shares of the basic materials company’s stock after selling 30,230 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Bunge Global were worth $1,053,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Bunge Global by 156.4% during the second quarter. SG Americas Securities LLC now owns 193,467 shares of the basic materials company’s stock valued at $20,656,000 after acquiring an additional 117,998 shares during the period. Janus Henderson Group PLC raised its holdings in Bunge Global by 13.3% during the first quarter. Janus Henderson Group PLC now owns 82,036 shares of the basic materials company’s stock valued at $8,408,000 after acquiring an additional 9,648 shares during the period. Xponance Inc. raised its holdings in Bunge Global by 39.0% during the second quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock valued at $4,606,000 after acquiring an additional 12,104 shares during the period. AMG National Trust Bank bought a new stake in shares of Bunge Global in the second quarter worth about $314,000. Finally, Cetera Investment Advisers increased its holdings in shares of Bunge Global by 273.1% in the first quarter. Cetera Investment Advisers now owns 18,699 shares of the basic materials company’s stock worth $1,917,000 after purchasing an additional 13,687 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Trading Down 1.6 %

Shares of NYSE BG opened at $88.08 on Thursday. The business’s 50 day moving average is $92.55 and its two-hundred day moving average is $100.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10. Bunge Global SA has a 1-year low of $82.18 and a 1-year high of $114.92. The stock has a market capitalization of $12.30 billion, a P/E ratio of 11.15 and a beta of 0.67.

Wall Street Analyst Weigh In

Separately, Citigroup cut Bunge Global from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $125.00 to $114.00 in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bunge Global has an average 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.