Leavell Investment Management Inc. Has $812,000 Position in Bunge Global SA (NYSE:BG)

Leavell Investment Management Inc. reduced its position in Bunge Global SA (NYSE:BG) by 35.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,400 shares of the basic materials company’s stock after selling 4,550 shares during the quarter. Leavell Investment Management Inc.’s holdings in Bunge Global were worth $812,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mather Group LLC. boosted its stake in shares of Bunge Global by 12.4% in the 2nd quarter. Mather Group LLC. now owns 843 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 93 shares in the last quarter. Blue Trust Inc. grew its holdings in Bunge Global by 52.3% during the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 102 shares during the period. Ballentine Partners LLC increased its holdings in Bunge Global by 2.0% in the second quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock valued at $615,000 after purchasing an additional 111 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 124 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Bunge Global by 0.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,959 shares of the basic materials company’s stock worth $4,800,000 after buying an additional 130 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $87.12 on Monday. 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 firm has a market cap of $12.16 billion, a price-to-earnings ratio of 11.03 and a beta of 0.67. The stock’s 50-day moving average is $94.15 and its 200-day moving average is $100.84. Bunge Global SA has a one year low of $82.18 and a one year high of $114.92.

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.