Catalyst Capital Advisors LLC Sells 7,888 Shares of Bunge Global SA (NYSE:BG)

Catalyst Capital Advisors LLC lowered its stake in shares of Bunge Global SA (NYSE:BG) by 25.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,369 shares of the basic materials company’s stock after selling 7,888 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Bunge Global were worth $2,258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BG. Altshuler Shaham Ltd bought a new position in Bunge Global during the second quarter worth $28,000. Blue Trust Inc. increased its holdings in Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after buying an additional 102 shares during the period. Farmers & Merchants Investments Inc. increased its holdings in Bunge Global by 185.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after buying an additional 200 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Bunge Global in the 2nd quarter valued at $40,000. Finally, Atlas Capital Advisors LLC increased its holdings in Bunge Global by 261.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock valued at $41,000 after buying an additional 277 shares during the period. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 1.7 %

Shares of NYSE:BG opened at $84.00 on Tuesday. Bunge Global SA has a 52 week low of $82.45 and a 52 week high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.97 and a current ratio of 2.07. The company’s fifty day moving average is $95.66 and its 200-day moving average is $101.63. The company has a market capitalization of $11.73 billion, a PE ratio of 10.63 and a beta of 0.67.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.