Catalyst Capital Advisors LLC Sells 7,888 Shares of Bunge Global SA (NYSE:BG)

Catalyst Capital Advisors LLC trimmed its holdings in shares of Bunge Global SA (NYSE:BG) by 25.2% in the third quarter, Holdings Channel.com reports. The firm owned 23,369 shares of the basic materials company’s stock after selling 7,888 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Bunge Global were worth $2,258,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in Bunge Global during the 2nd quarter worth approximately $28,000. Blue Trust Inc. increased 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 worth $30,000 after purchasing an additional 102 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position 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 worth $33,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Bunge Global during the 2nd quarter worth approximately $40,000. Finally, Atlas Capital Advisors LLC boosted its position in Bunge Global by 261.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 277 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Bunge Global Trading Up 1.7 %

NYSE BG opened at $84.00 on Tuesday. The company has a market cap of $11.73 billion, a PE ratio of 10.63 and a beta of 0.67. The company has a current ratio of 2.07, a quick ratio of 0.97 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12 month low of $82.45 and a 12 month high of $114.92. The stock has a 50 day moving average of $95.66 and a 200-day moving average of $101.63.

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.