MetLife Investment Management LLC Trims Stock Position in Bunge Global SA (NYSE:BG)

MetLife Investment Management LLC cut its stake in shares of Bunge Global SA (NYSE:BG) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,815 shares of the basic materials company’s stock after selling 935 shares during the period. MetLife Investment Management LLC’s holdings in Bunge Global were worth $3,558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BG. CreativeOne Wealth LLC raised its stake in shares of Bunge Global by 9.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 4,440 shares of the basic materials company’s stock worth $429,000 after buying an additional 398 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Bunge Global by 11.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 123,000 shares of the basic materials company’s stock worth $11,887,000 after buying an additional 13,000 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Bunge Global during the 3rd quarter worth approximately $98,000. Quantbot Technologies LP purchased a new position in shares of Bunge Global during the 3rd quarter worth approximately $751,000. Finally, Patton Albertson Miller Group LLC raised its stake in shares of Bunge Global by 0.3% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 56,444 shares of the basic materials company’s stock worth $5,455,000 after buying an additional 188 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

Shares of BG stock opened at $88.27 on Wednesday. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 11.17 and a beta of 0.68. The stock has a 50 day simple moving average of $91.11 and a 200-day simple moving average of $99.18. Bunge Global SA has a 12-month low of $82.18 and a 12-month high of $114.92. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

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.