Natixis Advisors LLC Sells 4,052 Shares of Bunge Global SA (NYSE:BG)

Natixis Advisors LLC trimmed its stake in Bunge Global SA (NYSE:BG) by 19.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 16,262 shares of the basic materials company’s stock after selling 4,052 shares during the quarter. Natixis Advisors LLC’s holdings in Bunge Global were worth $1,572,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BG. SG Americas Securities LLC raised its holdings in Bunge Global by 156.4% in the second quarter. SG Americas Securities LLC now owns 193,467 shares of the basic materials company’s stock worth $20,656,000 after purchasing an additional 117,998 shares in the last quarter. Janus Henderson Group PLC lifted its position in Bunge Global by 13.3% during the first quarter. Janus Henderson Group PLC now owns 82,036 shares of the basic materials company’s stock valued at $8,408,000 after acquiring an additional 9,648 shares during the last quarter. Xponance Inc. boosted its stake in Bunge Global by 39.0% in the second quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock valued at $4,606,000 after acquiring an additional 12,104 shares in the last quarter. AMG National Trust Bank acquired a new position in shares of Bunge Global during the second quarter worth $314,000. Finally, Cetera Investment Advisers increased its position in shares of Bunge Global by 273.1% during the first quarter. Cetera Investment Advisers now owns 18,699 shares of the basic materials company’s stock worth $1,917,000 after purchasing an additional 13,687 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded Bunge Global from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $125.00 to $114.00 in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Trading Up 0.9 %

NYSE:BG opened at $88.48 on Tuesday. The company has a market capitalization of $12.35 billion, a P/E ratio of 11.20 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. Bunge Global SA has a 12 month low of $82.18 and a 12 month high of $114.92. The firm has a fifty day simple moving average of $92.02 and a 200-day simple moving average of $99.72.

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.