Teachers Retirement System of The State of Kentucky Sells 63,013 Shares of Bunge Global SA (NYSE:BG)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Bunge Global SA (NYSE:BG) by 85.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,861 shares of the basic materials company’s stock after selling 63,013 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Bunge Global were worth $1,050,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. grew its stake in Bunge Global by 52.3% in the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 102 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Bunge Global by 2.0% in the 2nd quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock valued at $615,000 after buying an additional 111 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after buying an additional 124 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Bunge Global by 0.3% during the second 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 last quarter. Finally, NorthCrest Asset Manangement LLC raised its position in Bunge Global by 0.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock worth $2,305,000 after acquiring an additional 144 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Bunge Global Trading Down 2.6 %

BG stock opened at $79.13 on Thursday. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 10.02 and a beta of 0.68. The company has a fifty day moving average price of $87.96 and a two-hundred day moving average price of $97.51. Bunge Global SA has a one year low of $78.97 and a one year high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10.

Bunge Global 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.