Concurrent Investment Advisors LLC Sells 334 Shares of Bunge Global SA (NYSE:BG)

Concurrent Investment Advisors LLC reduced its stake in Bunge Global SA (NYSE:BG) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,628 shares of the basic materials company’s stock after selling 334 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Bunge Global were worth $447,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. bought a new position in Bunge Global in the 1st quarter valued at about $899,000. Bleakley Financial Group LLC raised its holdings in Bunge Global by 17.9% in the 1st quarter. Bleakley Financial Group LLC now owns 41,422 shares of the basic materials company’s stock valued at $4,247,000 after acquiring an additional 6,281 shares during the period. Mutual of America Capital Management LLC bought a new position in Bunge Global in the 1st quarter valued at about $1,951,000. Donoghue Forlines LLC bought a new position in Bunge Global in the 1st quarter valued at about $482,000. Finally, Sei Investments Co. raised its holdings in Bunge Global by 10.6% in the 1st quarter. Sei Investments Co. now owns 57,269 shares of the basic materials company’s stock valued at $5,873,000 after acquiring an additional 5,504 shares during the period. 86.23% of the stock is owned by institutional investors.

Bunge Global Stock Up 0.4 %

Shares of BG opened at $87.12 on Monday. Bunge Global SA has a 12 month low of $82.18 and a 12 month high of $114.92. The firm’s 50 day moving average is $94.15 and its 200-day moving average is $100.84. The stock has a market capitalization of $12.16 billion, a PE ratio of 11.03 and a beta of 0.67. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and lowered their price target for the company from $125.00 to $114.00 in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Bunge Global presently has a consensus 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.