Ontario Teachers Pension Plan Board Sells 30,230 Shares of Bunge Global SA (NYSE:BG)

Ontario Teachers Pension Plan Board cut its holdings in Bunge Global SA (NYSE:BG) by 73.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,895 shares of the basic materials company’s stock after selling 30,230 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Bunge Global were worth $1,053,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BG. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Bunge Global by 14.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 45,850 shares of the basic materials company’s stock valued at $4,701,000 after acquiring an additional 5,850 shares in the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Bunge Global during the 1st quarter valued at $915,000. 1832 Asset Management L.P. bought a new position in shares of Bunge Global during the 1st quarter valued at $1,865,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Bunge Global by 2.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 197,821 shares of the basic materials company’s stock valued at $20,281,000 after buying an additional 5,635 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Bunge Global by 27.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 80,754 shares of the basic materials company’s stock valued at $8,279,000 after buying an additional 17,638 shares during the period. 86.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Citigroup cut 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Bunge Global has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Bunge Global Price Performance

Shares of Bunge Global stock opened at $88.08 on Thursday. Bunge Global SA has a one year low of $82.18 and a one year high of $114.92. The stock’s fifty day moving average is $92.55 and its 200 day moving average is $100.09. The stock has a market cap of $12.30 billion, a P/E ratio of 11.15 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07.

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.