Bunge Global SA (NYSE:BG) Stake Lessened by apricus wealth LLC

apricus wealth LLC lowered its holdings in Bunge Global SA (NYSE:BG) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,037 shares of the basic materials company’s stock after selling 1,270 shares during the period. apricus wealth LLC’s holdings in Bunge Global were worth $1,558,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global in the third quarter worth $34,000. Farther Finance Advisors LLC increased 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 worth $42,000 after acquiring an additional 124 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Bunge Global by 145.1% in the third quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 386 shares during the last quarter. Blue Trust Inc. increased its position in Bunge Global by 121.5% during the third quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock worth $70,000 after buying an additional 361 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its position in Bunge Global by 31.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock worth $68,000 after buying an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Down 1.9 %

BG stock opened at $77.16 on Friday. 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 SA has a 52-week low of $75.75 and a 52-week high of $114.92. The company has a 50-day moving average of $82.22 and a two-hundred day moving average of $92.41. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 9.77 and a beta of 0.70.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stephens raised shares of Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Barclays downgraded shares of Bunge Global from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $115.00 to $95.00 in a research report on Tuesday. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and an average price target of $116.33.

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.