Beacon Investment Advisory Services Inc. Lowers Stock Holdings in Bunge Global SA (NYSE:BG)

Beacon Investment Advisory Services Inc. lessened its holdings in Bunge Global SA (NYSE:BG) by 24.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 30,871 shares of the basic materials company’s stock after selling 10,190 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Bunge Global were worth $2,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Bunge Global by 17.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 125,647 shares of the basic materials company’s stock worth $13,415,000 after purchasing an additional 19,095 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of 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 worth $634,000 after buying an additional 1,215 shares in the last quarter. Sei Investments Co. lifted its position in shares of Bunge Global by 15.3% in the second quarter. Sei Investments Co. now owns 66,046 shares of the basic materials company’s stock worth $7,051,000 after buying an additional 8,777 shares in the last quarter. ProShare Advisors LLC boosted its stake in Bunge Global by 10.5% during the second quarter. ProShare Advisors LLC now owns 36,224 shares of the basic materials company’s stock valued at $3,868,000 after buying an additional 3,455 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in Bunge Global by 60.3% during 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 buying an additional 1,971 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Stephens raised shares of Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Barclays cut Bunge Global from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $115.00 to $95.00 in a report on Tuesday. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.14.

Bunge Global Stock Down 1.0 %

Shares of NYSE BG opened at $77.88 on Thursday. The stock has a market capitalization of $10.87 billion, a PE ratio of 9.86 and a beta of 0.70. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12-month low of $75.75 and a 12-month high of $114.92. The stock’s fifty day simple moving average is $82.67 and its two-hundred day simple moving average is $92.74.

About Bunge Global

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.