Sanctuary Advisors LLC Reduces Stake in Bunge Global SA (NYSE:BG)

Sanctuary Advisors LLC has reduced its investment in Bunge Global SA (NYSE:BG) by 31.4% during the third quarter, as indicated in their latest Form 13F filing with the Securities and Exchange Commission. Following this transaction, the firm now holds 17,829 shares of the agribusiness company's stock after offloading 8,142 shares during this period. According to its most recent filing, Sanctuary Advisors LLC's holdings in Bunge Global are valued at approximately $1,723,000.

Changes in Institutional Holdings

Several other institutional investors have also made adjustments to their positions in Bunge Global. Altshuler Shaham Ltd established a new investment in the company during the second quarter, amounting to $28,000. Blue Trust Inc. increased its stake in Bunge Global by 52.3% in the same quarter, acquiring an additional 102 shares for a total of 297 shares, now valued at $30,000. Likewise, Farmers & Merchants Investments Inc. raised its holdings by an impressive 185.2%, owning 308 shares worth $33,000 after purchasing an extra 200 shares in the last quarter. Ashton Thomas Private Wealth LLC also acquired a new stake valued at about $40,000 during the second quarter. Additionally, Atlas Capital Advisors LLC raised its position significantly by 261.3%, holding 383 shares now valued at $41,000 after acquiring 277 more shares. Overall, institutional investors hold 86.23% of Bunge Global's shares.

Analyst Opinions and Ratings

In separate news, Stephens has upgraded Bunge Global to a "strong-buy" rating, as noted in their report published on December 2nd. Current ratings show that four analysts hold the stock with a hold rating, five analysts have assigned a buy rating, and one has issued a strong buy rating. As per MarketBeat.com, the consensus rating for Bunge Global stands at "Moderate Buy" with a target price averaging $118.00.

Bunge Global's Stock Performance

Currently, Bunge Global's stock (BG) trades at $77.92. The stock's 50-day moving average is $87.60, while the 200-day moving average is $97.37. The company has a market capitalization of $10.88 billion, a price-to-earnings ratio of 9.86, and a beta of 0.68. Their affairs include a debt-to-equity ratio of 0.43, a quick ratio of 1.10, and a current ratio of 2.07. The shares have hit a low of $77.68 and reached a high of $114.92 over the past year.

About Bunge Global

Bunge Global SA is a leading agribusiness and food company that operates worldwide. The company is organized into four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment is engaged in purchasing, storing, transporting, processing, and selling agricultural commodities, particularly oilseeds such as soybeans, rapeseed, canola, and sunflower seeds, in addition to grains like wheat and corn.

investment, stocks, agribusiness