GAMMA Investing LLC Sells 312 Shares of Bunge Global SA (NYSE:BG)

GAMMA Investing LLC lessened its position in Bunge Global SA (NYSE:BG) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,299 shares of the basic materials company’s stock after selling 312 shares during the period. GAMMA Investing LLC’s holdings in Bunge Global were worth $101,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew 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 valued at $681,467,000 after acquiring an additional 500,897 shares during the period. Pacer Advisors Inc. grew its position in shares of Bunge Global by 26.5% in the 2nd quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock valued at $449,614,000 after acquiring an additional 883,127 shares during the period. Geode Capital Management LLC grew its position in shares of Bunge Global by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company’s stock valued at $329,697,000 after acquiring an additional 45,159 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Bunge Global by 5.6% in the 2nd 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 during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Bunge Global by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company’s stock valued at $139,608,000 after acquiring an additional 50,615 shares during the period. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

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

Bunge Global Stock Performance

Shares of BG stock opened at $81.30 on Friday. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 10.29 and a beta of 0.70. 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 50-day simple moving average of $83.73 and a 200 day simple moving average of $94.61. Bunge Global SA has a 52 week low of $75.75 and a 52 week 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.