Patton Albertson Miller Group LLC Reduces Position in Bunge Global SA (NYSE:BG)

Patton Albertson Miller Group LLC trimmed its position in Bunge Global SA (NYSE:BG) by 27.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,996 shares of the basic materials company’s stock after selling 15,448 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Bunge Global were worth $3,188,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BG. Mercer Global Advisors Inc. ADV raised its stake in Bunge Global by 24.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,085 shares of the basic materials company’s stock valued at $634,000 after buying an additional 1,215 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Bunge Global by 15.3% in the 2nd quarter. Sei Investments Co. now owns 66,046 shares of the basic materials company’s stock valued at $7,051,000 after acquiring an additional 8,777 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Bunge Global by 60.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 5,240 shares of the basic materials company’s stock valued at $559,000 after acquiring an additional 1,971 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Bunge Global by 58.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,470 shares of the basic materials company’s stock worth $2,933,000 after acquiring an additional 10,123 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new stake in Bunge Global during the second quarter worth approximately $1,116,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BG has been the topic of several recent analyst reports. Barclays lowered shares of Bunge Global from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $115.00 to $95.00 in a research note on Tuesday, January 21st. Stephens raised shares of Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $116.33.

Bunge Global Price Performance

BG stock opened at $77.16 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $10.77 billion, a P/E ratio of 9.77 and a beta of 0.70. The business has a 50 day simple moving average of $82.22 and a 200-day simple moving average of $92.29. Bunge Global SA has a twelve month low of $75.75 and a twelve month high of $114.92.

Bunge Global Company 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.