Invesco LLC Sells 263 Shares of Bunge Global SA (NYSE:BG)

Invesco LLC cut its stake in Bunge Global SA (NYSE:BG) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,661 shares of the basic materials company’s stock after selling 263 shares during the period. Invesco LLC’s holdings in Bunge Global were worth $362,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its holdings in shares of Bunge Global by 16.9% in the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock worth $26,371,000 after buying an additional 39,646 shares during the period. Swedbank AB lifted its stake in Bunge Global by 11.9% in the third 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 during the period. Hennion & Walsh Asset Management Inc. increased its position in Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock valued at $302,000 after purchasing an additional 278 shares during the period. iA Global Asset Management Inc. bought a new stake in shares of Bunge Global in the 3rd quarter valued at about $888,000. Finally, State Street Corp lifted its position in shares of Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after purchasing an additional 500,897 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

BG has been the subject of a number of recent research reports. Stephens raised shares of Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Barclays cut Bunge Global from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $115.00 to $95.00 in a research note on Tuesday, January 21st. Three investment 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.33.

Bunge Global Stock Up 0.7 %

NYSE:BG traded up $0.53 during mid-day trading on Wednesday, hitting $77.79. 75,985 shares of the company’s stock traded hands, compared to its average volume of 1,324,406. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The company has a market capitalization of $10.86 billion, a P/E ratio of 9.85 and a beta of 0.70. The company has a fifty day moving average of $81.72 and a 200 day moving average of $91.69. 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.