Bunge Global SA (NYSE:BG) Shares Sold by Sicart Associates LLC

Sicart Associates LLC lowered its stake in Bunge Global SA (NYSE:BG) by 10.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 78,856 shares of the basic materials company’s stock after selling 9,135 shares during the quarter. Bunge Global comprises about 2.2% of Sicart Associates LLC’s investment portfolio, making the stock its 18th biggest position. Sicart Associates LLC’s holdings in Bunge Global were worth $6,132,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in Bunge Global by 15.7% in the second quarter. American Century Companies Inc. now owns 191,682 shares of the basic materials company’s stock valued at $20,466,000 after acquiring an additional 26,032 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Bunge Global by 17.9% in the second quarter. Envestnet Asset Management Inc. now owns 125,647 shares of the basic materials company’s stock valued at $13,415,000 after acquiring an additional 19,095 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Bunge Global by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company’s stock valued at $243,664,000 after acquiring an additional 121,080 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings 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 acquiring an additional 1,215 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in Bunge Global by 14.4% in the second quarter. Amalgamated Bank now owns 46,037 shares of the basic materials company’s stock valued at $4,915,000 after acquiring an additional 5,781 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Down 1.3 %

BG opened at $79.36 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 10.05 and a beta of 0.70. The business has a 50-day moving average of $83.49 and a two-hundred day moving average of $93.79. Bunge Global SA has a 12 month low of $75.75 and a 12 month high of $114.92.

Analysts Set New Price Targets

Separately, Stephens raised shares of Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.